Many hope for the skyrocketing price of the Bitcoin. It is possible but not very probable at this point and time.
I would also like to see the amazing bullish trend but right now all I see is another push of those, who hope for the high price to test 100 EMA.
It might even reach the point of 10200 USD.
After we get the highest peak (up to 8 hours) we should be seeing bearish movement till
the next resistance area (9400 USD) after we get there.. we wait... for how long?
Well, 1 week or maybe 2 months, or even more...
Good news is, longer winter will be... the higher peak we might get afterwards.
So I will set up a short position at around 10200 USD with a stop loss at 10350 USD.
Taking a safe profit at 9500 USD.
Good Luck.
I would also like to see the amazing bullish trend but right now all I see is another push of those, who hope for the high price to test 100 EMA.
It might even reach the point of 10200 USD.
After we get the highest peak (up to 8 hours) we should be seeing bearish movement till
the next resistance area (9400 USD) after we get there.. we wait... for how long?
Well, 1 week or maybe 2 months, or even more...
Good news is, longer winter will be... the higher peak we might get afterwards.
So I will set up a short position at around 10200 USD with a stop loss at 10350 USD.
Taking a safe profit at 9500 USD.
Good Luck.
Trade active
Comment:
Reached 10200 and been pushed down immediately. Position opened.