BTCUSD - Bulls and the Bears still at the after party!
After the dip in the BTC USD market last week we can see quite a nice little bull run developing in the market.
We could be facing a breakout or another selloff on the market here.
A lot of new traders might get the urge to fomo into the market here, but lets have a closer look.
Short term speaking the momentum is clearly with the bulls however we are hitting the critical resistance levels at 12 800 – 13 000.
Should the bears come out to play, it could be wise to stack some buy orders down into the 9k and 10k zones for BTC to play the bounce.
We will take a look at the price action and see if we will consolidate above 13k before going long on the market.
I am looking to short BTC should sellers start stepping in at these prices, because there is not much trading volume at the moment, a push from the bulls or a bite from the bears will determine our next move. On the flip side I will be LONG on BTC should we consolidate above 13k.
Feel free to discuss this trade idea with us in Discord. Safe trades.
We could be facing a breakout or another selloff on the market here.
A lot of new traders might get the urge to fomo into the market here, but lets have a closer look.
Short term speaking the momentum is clearly with the bulls however we are hitting the critical resistance levels at 12 800 – 13 000.
Should the bears come out to play, it could be wise to stack some buy orders down into the 9k and 10k zones for BTC to play the bounce.
We will take a look at the price action and see if we will consolidate above 13k before going long on the market.
I am looking to short BTC should sellers start stepping in at these prices, because there is not much trading volume at the moment, a push from the bulls or a bite from the bears will determine our next move. On the flip side I will be LONG on BTC should we consolidate above 13k.
Feel free to discuss this trade idea with us in Discord. Safe trades.
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