BTCUSD - Update
! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
BTCUSD is consolidating above 60k. There is still a possibility of a dip to 58900-57800. I am still waiting for BTC to test the SpeedFan (3rd touch), which would create a rising wedge (If volume keeps on declining).
My current strategy: I am set to buy the dips instead of looking for shorts (except scalps)
- Shorting would be only an option if the pattern confirms. I would be interested in the price reaction as it tests the resistence / support trendlines.
- Longs at the dips. (I am in a long from the last dip to 61k.)
- In the case of megabullishness (a massive pump), I might hold my long until 73900.
Trading level by level and Risking 1% of the account
#btc # bitcoin #technicalanalysis #chart # trading #idea
BTCUSD is consolidating above 60k. There is still a possibility of a dip to 58900-57800. I am still waiting for BTC to test the SpeedFan (3rd touch), which would create a rising wedge (If volume keeps on declining).
My current strategy: I am set to buy the dips instead of looking for shorts (except scalps)
- Shorting would be only an option if the pattern confirms. I would be interested in the price reaction as it tests the resistence / support trendlines.
- Longs at the dips. (I am in a long from the last dip to 61k.)
- In the case of megabullishness (a massive pump), I might hold my long until 73900.
Trading level by level and Risking 1% of the account
#btc # bitcoin #technicalanalysis #chart # trading #idea
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