Scenario 1 : Bitcoin price is on the edge of the trend line. As buying volume slowly lose momentum and longs positions are falling too.I expect that trend line will broke and price will hit at least one of the two FIBO levels which show us zone of support 52.400, here i set buy 60% of position because this price also in the past act as resistance.Next stop is 50.200 for 40% position. RSI also aim for the zone lower to 35,which too act as support zone. Plus take a look on daily candle :D
Scenario 2 : trend line will hold and price will go higher. In this case i will go long with small position of 30% but ONLY IF 4H WILL CLOSE ABOVE FIBO zone at price 54.650 .
STOP LOSS 53.750.
So for now i wait what charts and news will show us.
For more information you are welcome to comment or send message and if i will know i will answer :D
Scenario 2 : trend line will hold and price will go higher. In this case i will go long with small position of 30% but ONLY IF 4H WILL CLOSE ABOVE FIBO zone at price 54.650 .
STOP LOSS 53.750.
So for now i wait what charts and news will show us.
For more information you are welcome to comment or send message and if i will know i will answer :D
Trade active:
OK. as Dollar get big hit and fall Bitcoin rise. So scenario 2 is in play with 30% position from price 55.