Bitcoin potential trade setup
Bitcoin is likely to come down to 30,832 - 30,325 before its next leg up towards 34k. This key zone also merges with our golden zone(78.6-61.8) of fib play and is a major order-block/liquidity level which is required for the push further up, as btc has ran out of steam from its previous pump.
A possible trade setup is also presenting itself,
Trade : BTCUSDTPERP
Entry - 30,736
Stop loss - 29,924
Take profit 1 - 32,307
TP 2 - 32,854
TP 3 - 33,548
DO NOT RISK MORE THEN 2% OF YOUR CAPITAL FOR THIS TRADE
Risk - Untested demand zone below stop loss. ( check charts)
A possible trade setup is also presenting itself,
Trade : BTCUSDTPERP
Entry - 30,736
Stop loss - 29,924
Take profit 1 - 32,307
TP 2 - 32,854
TP 3 - 33,548
DO NOT RISK MORE THEN 2% OF YOUR CAPITAL FOR THIS TRADE
Risk - Untested demand zone below stop loss. ( check charts)
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