MII1502

A Key Support Area with Consolidation, Anticipated MOVE?

BITSTAMP:BTCUSD   Bitcoin
We have a Key Support Area with a clear consolidation, this key area, I usually allow the market to provide me a break out and pattern confirmation for entry, there is the possibility of price breaking above and creating a Bullish move towards 36k and 39k and there could be a break below as well. if we see a break below to 24k and 21k, we should not stay too long and exit till a clear retest and break out has been confirmed in the sell direction. I a currently neutral at this key area cos the market will determine which direction I should trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.