BTCUSD Outlook last idea hit 500+ pips
Updated
Hit the like/ follow button to motivate me to continue; last time we hit 500+ Pips
First scenario: Update on this, I circled the possible price rejection scenario that can lead into a sale.
Second scenario is a buy position from pullback zone near 50% on Fibonacci.
Third scenario would be if prices break resistance and continue to uptrend, keep in mind for a false break which leads to the first scenario.
Why I chose neutral? Because we can get paid Both ways if you trade with the trend and not against it.
Check my correlation map, let me know your thoughts.
First scenario: Update on this, I circled the possible price rejection scenario that can lead into a sale.
Second scenario is a buy position from pullback zone near 50% on Fibonacci.
Third scenario would be if prices break resistance and continue to uptrend, keep in mind for a false break which leads to the first scenario.
Why I chose neutral? Because we can get paid Both ways if you trade with the trend and not against it.
Check my correlation map, let me know your thoughts.
Trade active
Once resistance was broken I used my confirmations and entered a buy. In my previous ideas, I talk about gold and bitcoin correlate. I trailed my sl. Now monitoring in case of a pullback opportunity for a better entry or price rejection and a sale position.
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