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Aug 24, 2021 1:50 AM

BTCUSD Idea Long

Bitcoin / U.S. dollarBitstamp

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G'day, Guys.

As predicted BTCUSD continue to rally to reach its previous high.

Today I expect this pair to create some corrections before continue bullish. If this continues, we might see BTCUSD reaching an 80k price tag by Oct and a 100k price tag by Dec.

The zone between 50.5k and 45k is the SNR at this current price. From my perspective, I wait for the price to complete the market structure before positioning myself in a long position. Without that, I rather avoid the movement.

Friendly reminder, never put yourself in FOMO conditions. If the price too high and planning to go long, let it go. Market has a structure, there will be a time price create the corrections / consolidations

From here, you will able to manage your risk effectively.

Cheers.

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