Hello friends! Please take a look at my previous "Monday Volatility" analysis before diving into this one (linked below).
The price of Bitcoin (BTCUSD) is moving in a Pennant, leading to a breakout which will most likely happen this monday.
Use the following ranges to profitably trade Bitcoin, either short or long.
We can see that the bears are in control of the market (yellow boxes). I personally expect a breakout to the downside.
Nonetheless, i will update this idea regularly and let you know which side of the trade we will take.
Make sure to like this idea and follow me to receive the updates.
cheers,
cryptobuller
The price of Bitcoin (BTCUSD) is moving in a Pennant, leading to a breakout which will most likely happen this monday.
Use the following ranges to profitably trade Bitcoin, either short or long.
- Upper Range: 7200.00 - 8000.00 (long)
- Lower Range: 6200.00 - 5600.00 (short)
We can see that the bears are in control of the market (yellow boxes). I personally expect a breakout to the downside.
Nonetheless, i will update this idea regularly and let you know which side of the trade we will take.
Make sure to like this idea and follow me to receive the updates.
cheers,
cryptobuller
Trade active:
short scenario
