#BTC Update: BTC has been acting strange since the last one month. This is a scalp opportunity though. In the mid term BTC looks bullish so far. What’s really important is to keep in mind You never know what BTC is up to and whoever pretends to be always right is a scammer IMO. We can only speculate and initiate trades with maximum probability of winning trades.
Currently I expect BTC to hit the $7200+ Resistance soon.
We’ve got the 200D MA as a support in this chart. This is an hourly chart so you can’t project long term price movements in a micro TF chart.
But keeping in mind 7200 being a strong Resistance, If broken we might see a strong rally towards $7400, $7600 and even $8300(CME Gap) .
I am taking this trade with a SL below $6966. And Target 7200.
Any other positions? No I am not trading much just observing the market so far.
I’ll keep you updated.
#Peace
Trade closed: target reached
Comment:
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