BITCOIN - WHAT TO EXPECT IN SHORT TERM? - CryptoManiac101
Updated
BTC / USD TA
Here we are looking at 3 short term scenarios which are possible for Bitcoin.
SCENARIO 1 - BULLISH
In this scenario we find support around $9,000 - $9,400 with breakout before mid August.
SCENARIO 2 - BEARISH
This is most popular idea around bears. We drop towards mid 7,700 with wicks down towards low $7,000
SCENARIO 3 - BULLISH
In this scenario we expect breakout towards mid to high $12,000 We expect breakout to occur during first week of August.
Hedging your Longs/Shorts at these levels is your best bet if you're an advanced or pro trader. For safer trade you would want to hedge according to Scenario 3 while bears should continue targeting low $7,000 on firm support break of $9,250
Don't forget to leave a LIKE for support!
Here we are looking at 3 short term scenarios which are possible for Bitcoin.
SCENARIO 1 - BULLISH
In this scenario we find support around $9,000 - $9,400 with breakout before mid August.
SCENARIO 2 - BEARISH
This is most popular idea around bears. We drop towards mid 7,700 with wicks down towards low $7,000
SCENARIO 3 - BULLISH
In this scenario we expect breakout towards mid to high $12,000 We expect breakout to occur during first week of August.
Hedging your Longs/Shorts at these levels is your best bet if you're an advanced or pro trader. For safer trade you would want to hedge according to Scenario 3 while bears should continue targeting low $7,000 on firm support break of $9,250
Don't forget to leave a LIKE for support!
Note
Important thing to remember that directional movement is still bullish with longer term trend line staying in tact!Trade active
Trade active
Note
To be in any active trade right now is extremely riskyTrade active
Trade active
Note
Bounced just as expected
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