BITCOIN | Wait For a Bullish Confirmation!
Updated
Hi,
The price of Bitcoin has reached the key level. There is no trade, YET, but we can catch something good if the price of BTC manages to break above the key level. After the break, we can see attempts to make a new all-time high.
The key level is marked with the gray area, price-vise it stays around 51k, and to trigger the bullishness we need a 4-hour candle close above the marked gray area.
51k has been in play since the mid of February, the price action has printed a lot of rejections from the gray area, a lot of wicks, etc. It has been support, it has been resistance, and now, let's wait for a bullish close to make this trade alive.
I'll try to keep you updated but to follow the break is not so hard, just wait for 4h candle close and it has to be higher than, let's say, higher than $51700 (orange dotted line). It’s your choice do you wait for a retest or not!
Stay healthy,
Vaido
The price of Bitcoin has reached the key level. There is no trade, YET, but we can catch something good if the price of BTC manages to break above the key level. After the break, we can see attempts to make a new all-time high.
The key level is marked with the gray area, price-vise it stays around 51k, and to trigger the bullishness we need a 4-hour candle close above the marked gray area.
51k has been in play since the mid of February, the price action has printed a lot of rejections from the gray area, a lot of wicks, etc. It has been support, it has been resistance, and now, let's wait for a bullish close to make this trade alive.
I'll try to keep you updated but to follow the break is not so hard, just wait for 4h candle close and it has to be higher than, let's say, higher than $51700 (orange dotted line). It’s your choice do you wait for a retest or not!
Stay healthy,
Vaido
Trade closed: target reached
It’s time to take out your short-, mid-term profits, at least partially!Approaching new all-time high quite aggressively but there are a few criteria acting as resistance.
Keep in mind that numbers on your screen won’t feed your family!
What a ride it was! Enjoy your evening!
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