The market is showing a potential bullish divergence on the 4h timeframe. It's crucial to wait on confirmation signals and when you are being patience, it will pay your bills. Such confirmations can be expanded volume (buying power) with breakout of the resistance level that can be found at $6.600. The longer term on confirmation signal on higher TF (timeframe) we get when it manages to break above of the local high.
Bitcoin is offering quite a lot of trading opportunities especially for the short term players and scalpers.
Remember it's important to stick to the plan and not force any setups because in the longer term this causes you to develop bad trading habits which are really hard to get rid of!
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Bitcoin is offering quite a lot of trading opportunities especially for the short term players and scalpers.
Remember it's important to stick to the plan and not force any setups because in the longer term this causes you to develop bad trading habits which are really hard to get rid of!
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Comment:
Breached through of the resistance level.
