Bitcoin - do or die ;) possible price movements
Updated
Dear traders and followers,
welcome to todays Bitcoin market update !
We´ve analysed two possible Bitcoin movements. In generell it´s very risky to short within this straight bull trend. Enter only with 5% of your total capital and add more capital if the trend reversal has been confirmed.
The first one is the green one which has a higher probability. Market need to break the current drawn resistance within the next 24 hours for further up movement. The buy volume seems very low, much more buy volume is needed to break current resistance. After breaking the resistance market will come down to confirm this resistance as new support. This is a good buy opportunity with small account amount (max. 10 %). Stop loss under 18850 $
The second possible movement is a sell scenario: Market goes into sideways movement for the next 24 hours. Open short if market doesn't make a new high within the next 24 hours. Stop loss above the all time high.
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welcome to todays Bitcoin market update !
We´ve analysed two possible Bitcoin movements. In generell it´s very risky to short within this straight bull trend. Enter only with 5% of your total capital and add more capital if the trend reversal has been confirmed.
The first one is the green one which has a higher probability. Market need to break the current drawn resistance within the next 24 hours for further up movement. The buy volume seems very low, much more buy volume is needed to break current resistance. After breaking the resistance market will come down to confirm this resistance as new support. This is a good buy opportunity with small account amount (max. 10 %). Stop loss under 18850 $
The second possible movement is a sell scenario: Market goes into sideways movement for the next 24 hours. Open short if market doesn't make a new high within the next 24 hours. Stop loss above the all time high.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
Trade closed: target reached
closed short order at 18.000 $ this morning
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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