BITCOIN SIDEWAYS AND STRATEGY

Hello dear friends. Today we can discuss strategy on BTC-USD, thank you for placing Like on this post 💖.

SInce last 2 days price in the boring sideways action. Once price reached the Strong Resistance area, and dumped very fast... At the moment I am expecing some retracing of the price down to support zone at 4800, here is why:

I see Ascending Line and price might go up from it again, but you know sometimes market is not this predictable and might fall off below the line to revisit 4200 -- important (IMO) support zone and show bullish divergence on RSI.

• In short-term we can use support line as scalp entry as showed by the arrows on chart.
  

To summ up, I want to say this move may take few weeks to develop, and I am accept it. Going to stack mid-term long-position in support zone, I set buy orders down to 3000$ as insurance. No leverage there.

Please, write in comment your opinion, where the price will go in next 7 days, what is your target? 🗯

Save this idea to your bookmarks to analyse it in the future.

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