Hello Everyone,
On 17th of Nov. I shared with you guys an analysis of what might happen in this week, and I'm so glad for everyone who followed the strategy and grew their account. Here is the link to that analysis:
On Saturday BTC price tested the blue text Resistance Zone at 5753, however, came back quickly to make a new low close to the green text ~5100 support area today as predicted (Not quite there yet, but I'm pretty sure we will test the zone in the week, even maybe today).
-To take advantage of the high probable bounce my strategy will be opening a long position between $5000-$5100, targeting $5450, with a SL at $4900.-
Depending on the pattern, I continue thinking that we will be trading btc between 5000-5650 area for a few months.
Thanks for reading,
May the luck be with us,
To be continued..
On 17th of Nov. I shared with you guys an analysis of what might happen in this week, and I'm so glad for everyone who followed the strategy and grew their account. Here is the link to that analysis:
On Saturday BTC price tested the blue text Resistance Zone at 5753, however, came back quickly to make a new low close to the green text ~5100 support area today as predicted (Not quite there yet, but I'm pretty sure we will test the zone in the week, even maybe today).
-To take advantage of the high probable bounce my strategy will be opening a long position between $5000-$5100, targeting $5450, with a SL at $4900.-
Depending on the pattern, I continue thinking that we will be trading btc between 5000-5650 area for a few months.
Thanks for reading,
May the luck be with us,
To be continued..
Trade closed: target reached:
Ok guys, we reached the target area between 5000-5100 this is almost a %10 percent gain if you shorted bitcoin right after the first analysis.
As expected, price has shown a reaction from the area between 5000-5100 (5084.3 exactly), however, it has not been convincing for now. I'm still short here, waiting for a strong and convincing bounce. Actually what I am seeking is an aggresive move to down to 4900-5000, when I see that I will close the short position.
As expected, price has shown a reaction from the area between 5000-5100 (5084.3 exactly), however, it has not been convincing for now. I'm still short here, waiting for a strong and convincing bounce. Actually what I am seeking is an aggresive move to down to 4900-5000, when I see that I will close the short position.