BULL DRAGON SCENARIO Bitcoin hit the first Resitance, whats next
Updated
Hello Dragonians,
My Last TA was succesfull and i actually made quite marvelous profits from 6500-8800, Target was reached!
Now whats next? we already hit my First resistance level.
Next Resistance are 9800 its a Major Resistance.
What will happen ? no one knows but we will hope for the best before the Next Bitcoin Halving Event Occur.
its important for miners to remain from 7k to become a profitable , 6k level and 5k level will be breakeven or a loss for our bitcoin miners.
So My TA now is a Neutral i will not use large leverage like x50 :D , just like i open a leverage position from 6500 to 8800 it was a x50 because i was sure that we will go to 8800.
now lets go for my multiple scenario.
First the Red Scenario - If we keep getting rejected and if bulls are ready to accumulate again, we will target (Hopefully the trend support 8.3k-8.5k) and a worst is the CME Gap unfilled from 7.6-7.7k
Second Green Scenario - if Bulls keep pushing tonight they will try to reach 9k before we accumulate from Trend Support or the CME GAP unfilled.
Third Blue Scenario - This is the scenario i am rooting for to happen before i open a large position again,
If we Bounce from Trend Support there is a large chance that we might target 9.8k all the way to 10k region.
But no one really knows what will happen next.
lets hope for the best,
Always use Stoploss strategy, its better to lose 10-20% of your coins instead of losing it all,
Goodluck Happy Trading
My Last TA:
My Last TA was succesfull and i actually made quite marvelous profits from 6500-8800, Target was reached!
Now whats next? we already hit my First resistance level.
Next Resistance are 9800 its a Major Resistance.
What will happen ? no one knows but we will hope for the best before the Next Bitcoin Halving Event Occur.
its important for miners to remain from 7k to become a profitable , 6k level and 5k level will be breakeven or a loss for our bitcoin miners.
So My TA now is a Neutral i will not use large leverage like x50 :D , just like i open a leverage position from 6500 to 8800 it was a x50 because i was sure that we will go to 8800.
now lets go for my multiple scenario.
First the Red Scenario - If we keep getting rejected and if bulls are ready to accumulate again, we will target (Hopefully the trend support 8.3k-8.5k) and a worst is the CME Gap unfilled from 7.6-7.7k
Second Green Scenario - if Bulls keep pushing tonight they will try to reach 9k before we accumulate from Trend Support or the CME GAP unfilled.
Third Blue Scenario - This is the scenario i am rooting for to happen before i open a large position again,
If we Bounce from Trend Support there is a large chance that we might target 9.8k all the way to 10k region.
But no one really knows what will happen next.
lets hope for the best,
Always use Stoploss strategy, its better to lose 10-20% of your coins instead of losing it all,
Goodluck Happy Trading
My Last TA:
Note
5% chance to happen tonightbut hell no i dont think so , this is not BSV
Note
Note
Update: it seems 8700-8800 level become a strong support for now.lets watch this important level!
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