Short Term Trade set-up

Hey guys, Daniel here with another Bitcoin update!

As always, when everybody is fearfull, we are here to buy cheap BTC.
Rsi is nearing 43 again, Weekly 30 sma on the purple line acting as strong support.



We have a short term trade set up here:

Buy 6900-7200$

Take Profit 1. 9800$
Take Profit 2. 11000$

Stop Loss: 6250$

Risk 15%/ Roi 50-70%.

Keep your Stop losses Tight guys, if we drop below 6k$ its very very bad!


Good Luck

Trade active:

Yo guys, the trade is active since 7100$ , this is might the beginning. Have to break 8k to be sure:=

Comment:

i analysed the chart again, it might be safer to take profit at 9000$, 9800$ then 11800$.

Comment:

THis can go either way right now, a drop below 6100$ would make us sell our position with a 13% Loss.

It's allright, we can be wrong once in a while:)

I'm more 50/50 at this point. leaning slightly bearish. we might aswell see a rally to the 8k$ range afterwards.

goodluck

Comment:

Still havent touched 6100$.

Once we're below 5900$ and close below it on the weekly candle. Get ready for a multiyear bear market (16months+)

Trade active:

Broke the resistance at 6800$ - > Take some profit around 7800$, if it breaks through sell again at 8800$.