BTC / USDT - 38,000? Is it real now or is it a big correction?
Hello dear friends.
Is it possible now to see the price of 38,000 per bitcoin on such a market, or still wait for a big correction?
Write your opinion in the comments.
I have
NEW preliminary CME targets for January 2021 have appeared on the market. They look like this:
🤑Upper limit 38200 - 34400
🤑 Lower limit 26400 - 22600
What does it mean?
So this means that with a high degree of probability, by the end of the month, the price will be in one or another range that I gave.
- We have very large sales (bright red rectangle) price values: 33750 - 34450
- We have a strong resistance line - level 34150
- We have an ascending triangle + channel in which the price is traded.
- We have another meaning - namely, margin trading - bitcoin price movements of 2500 points.
- We have a lot of unclosed GEPs (yes, I know that they do not always close) - but before that 92% - everything worked fine.
- We have growth without correction
- Candle analysis indicates a drop in forces ...
and many other factors.
How do you know which position to enter?
Watch the level 34150 - if the price is above this level, a breakout on the impulse, trades above this range, (1-2-4 hours TF) is definitely a Long position.
In the meantime, work from the short position, since, according to my observations, the price will pull to the lower values of the CME.
We'll see.
Since I suffered a small minus today, I decided to take a break and see how the price would react (I have the most important short position - open from 34450)
Therefore, I open another position from 33750 (the range I wrote about)
Same as in the comments about the strong level 32500-32700
Everything works fine)
The trading idea is below - you can see.
Sale from 33750
Target: 33050 - 32580 - 31900 - 31500
Stop Loss 34190
A lot is solved by the yellow rectangle
And I immediately warn you - if the price returns to the range of 33750-34000 - I will do the reverse position without hesitation
Since there will be a double bottom pattern, and we are able to calculate the size of such patterns)
Is it possible now to see the price of 38,000 per bitcoin on such a market, or still wait for a big correction?
Write your opinion in the comments.
I have
NEW preliminary CME targets for January 2021 have appeared on the market. They look like this:
🤑Upper limit 38200 - 34400
🤑 Lower limit 26400 - 22600
What does it mean?
So this means that with a high degree of probability, by the end of the month, the price will be in one or another range that I gave.
- We have very large sales (bright red rectangle) price values: 33750 - 34450
- We have a strong resistance line - level 34150
- We have an ascending triangle + channel in which the price is traded.
- We have another meaning - namely, margin trading - bitcoin price movements of 2500 points.
- We have a lot of unclosed GEPs (yes, I know that they do not always close) - but before that 92% - everything worked fine.
- We have growth without correction
- Candle analysis indicates a drop in forces ...
and many other factors.
How do you know which position to enter?
Watch the level 34150 - if the price is above this level, a breakout on the impulse, trades above this range, (1-2-4 hours TF) is definitely a Long position.
In the meantime, work from the short position, since, according to my observations, the price will pull to the lower values of the CME.
We'll see.
Since I suffered a small minus today, I decided to take a break and see how the price would react (I have the most important short position - open from 34450)
Therefore, I open another position from 33750 (the range I wrote about)
Same as in the comments about the strong level 32500-32700
Everything works fine)
The trading idea is below - you can see.
Sale from 33750
Target: 33050 - 32580 - 31900 - 31500
Stop Loss 34190
A lot is solved by the yellow rectangle
And I immediately warn you - if the price returns to the range of 33750-34000 - I will do the reverse position without hesitation
Since there will be a double bottom pattern, and we are able to calculate the size of such patterns)
This is where I wrote about this level today.