BTC Long - High R/R, odds of success moderate. Target - 10.2k
Here's what I got guys. I was bearish on bitcoin because of the very obvious bearish divergences on larger timeframes (which are still present, however, can be broken if we get a pop on volume here.)
Here's a nice support zone in green, which was previous resistance if you look at the last time we hit 9.7k, now turned support. I will be buying / have bought in the 9650 range and will be looking to cut losses below 9600.
There's a decent chance of breakdown, as I have said, however this is a bet I am willing to make. If we do not break up here on volume, cut your losses and set some bids in the 9350-9450 range. Cut below 9.3k.
Let's see what happens.
Here's a nice support zone in green, which was previous resistance if you look at the last time we hit 9.7k, now turned support. I will be buying / have bought in the 9650 range and will be looking to cut losses below 9600.
There's a decent chance of breakdown, as I have said, however this is a bet I am willing to make. If we do not break up here on volume, cut your losses and set some bids in the 9350-9450 range. Cut below 9.3k.
Let's see what happens.
הערה
Also want to add that I was planning on shorting this previously, however, because of this consolidation below resistance (which is bullish) I decided to put my money on long instead.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.