Bitcoin February 2020

By Tchandalito

Updated

Here is my vision for the next 2 weeks

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Note

I'm waiting 9100-9000

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Nice move was possible here 9600

#Scalping - #Daytrading

Still waiting for ~9200 :D

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Are we ranging ?
Good zone for today -- *9600
If we break -- 9500 & 9200
If we go to the north -- 9900 & 10000

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10000 is 0.5 of fibonnaci retracement
we can have some reaction

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On Bitmex we touched 9260 !

My money management is defensive

I will trade only big support
I never SHORT Bitcoin ;)

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9500 really good support
9620-9760 indecision zone

My feeling is if >9760 bullish, <9620 bearish (short term)

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New week same strategy

Buy strong support and take your profit quickly

I will be very careful for the next 9600 level bcause we can dump

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Like I said yesterday if we break 9600 we can dump
So now stay safe don't try to short or buy

9500 - 9200 -9000 strong support

We will see where the dump will go and after we will trade

IF we > 9650 = RANGE

Be careful ! :)

Note

Very interesting, in my opinion it can be a good entry point for #SWINGTRADING

Need to wait before conclusion

My plan for today: we can range between 9050 & 9350

Next Resistance - 9500
Next Support - 8800

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I didn't #trade today because I needed to see my new zone where I can scalp

So we touched 8523 WS2.5 - 8961 MS1.5
It can be interesting to do #scalping - 8800 MS2

When volatility is high, I prefer to trade ONLY big support like weekly, monthly

Note

8800 is interesting to see if #traders are still long on #Bitcoin

Tchandalito

Well, remember, the path is simple, it's us who are complicated.
#Bitcoin #Trader #Financialmarket #Bitmex #PrimeXBT
ftx.com/

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