ProjectSyndicate

BTCUSD best level to buy 30%/40% gains (NEW)

Short
COINBASE:BTCUSD   Bitcoin
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So without further due. Keep it short/simple and to the point.

BTCUSD best level to buy 30%/40% gains (NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
tagged as SHORT cause I expect losses before reversal.

Ok guys so what we got on 1hour chart is price
came off a strong based previously, we had nice
accumulation, currently seems like re-accumulation
in progress. Having said that, 7100-7200 very strong
overhead resistance, so don't expect it to crack,
at least it won't give up initially.

A few options for daytraders / position traders now

1)short-term risky buy near 5900 USD TP 7100/7200USD
2)short from 7100-7200 resistance / wait for rejection
TP bears is VPVR POC 5350 final TP 5000 USD
3)bulls should look to accumulate / buy for a nice
swing higher later. best level to buy is 4800/5000,
however can't guarantee that price will re-test recent
lows, might bounce at VPVR POC at 5350 USD.

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good luck traders.




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