BTCUSD - 70K or 52 K ?
! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
The month is ending now it is time to take a look at global levels and prepare our plan for April
My plan will be based on three scenarios:
- BTC seems to attempt a shoot to ATH.
- (1) If it consolidates and breaks out with a strong volume, I expect BTC to hit around 69500 - Long after the breakout (retest)
- (2) If it rejects, the Range keeps on going 52K - 60K - Longs at bottom/shorts at the top - Scalps in between
- (3) long-term downtrend below 52K (short after breakdown (retest)
Personally, I would prefer (2) but in trading, we don't guess but plan for what might come.
#btc #bitcoin #trading #tradingidea
The month is ending now it is time to take a look at global levels and prepare our plan for April
My plan will be based on three scenarios:
- BTC seems to attempt a shoot to ATH.
- (1) If it consolidates and breaks out with a strong volume, I expect BTC to hit around 69500 - Long after the breakout (retest)
- (2) If it rejects, the Range keeps on going 52K - 60K - Longs at bottom/shorts at the top - Scalps in between
- (3) long-term downtrend below 52K (short after breakdown (retest)
Personally, I would prefer (2) but in trading, we don't guess but plan for what might come.
#btc #bitcoin #trading #tradingidea
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