tyncho.cba

Bitcoin: Still waiting, still playing.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello friends! After some days of just watch the market, i worked on this new scenario, and as i do always, the key of every strategy is risk management.

After the big rebound that we had on the FIB 72.8% (7250) we saw again the price going back to the 9k, then to 8k zone. So, to make it clear, right now we still in a bearish scenario, the midterm downtrend created at December still being strong, and even knowing that BTC in longterm should broke 10k, 20k, and more, we need to surf through all this times of 7/8/9k.

Our vision is simple:

7600 midterm support zone (buy with SL 7500)
9700 midterm resistance zone (sell with SL 9800)

In shorterm we can:

LONG STRATEGY (no more than 30% of capital):
Buy from 8500 to 8000.
Target: 9600 / 10200 / 10500
SL: 7500.

Just be careful and remember always the midterm support / resistance, and the bearish downtrend.

Remember, this is just an opinion, not any kind of recommendation!

Good luck and good trades!
Trade active: Lets see if we can go to 9600
Trade closed: stop reached: Analyzing new scenario.
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