Bitcoin: Short Term Trade Idea
Hi everyone,
Today I'm sharing a Long idea for Bitcoin with you.He's my reasoning:
* BTC is moving inside a falling wedge (bullish pattern)
* BTC is approaching an old resistance zone, this time it may act as support
* The 61.8% Fibonacci retracement level is also inside this zone
* The target is the liquidity zone between ~9100 and 9400
* Stop under the old resistance zone
Long ~8500
Tp1 9100
TP2 9200
SL 8270
This trade is about 3R which is good .
I'm not particularly bullish on Bitcoin, but this is a quite good setup.
Tell me what you think!
Hi everyone,
Today I'm sharing a Long idea for Bitcoin with you.He's my reasoning:
* BTC is moving inside a falling wedge (bullish pattern)
* BTC is approaching an old resistance zone, this time it may act as support
* The 61.8% Fibonacci retracement level is also inside this zone
* The target is the liquidity zone between ~9100 and 9400
* Stop under the old resistance zone
Long ~8500
Tp1 9100
TP2 9200
SL 8270
This trade is about 3R which is good .
I'm not particularly bullish on Bitcoin, but this is a quite good setup.
Tell me what you think!