Today I would like to share some trades I’m going to make in the next days:
-So I expect a small rally before the decision on august 10th. Nevertheless I expect nothing major…
-Saw a lot of people on twitter , etc… talking the on the 1hr chart, to be honest it was a schoolbook example for a couple hours but in the last few hours, BTC has broken the (as expected) but found support at 6.87K for a few hours now. So we can not speak about a ‘clear’ bearflag anymore.
- - we've found support at 6.875K 4 times today
-The boilinger bands are telling us that BTC price is ‘to low at the moment’. So we saw in the past that the boilinger bands are a great indicator short term. We’ve broke the support line at the bottom of the boilinger band so I expect a small rally.
-We are hugely oversold RN.
Pos 1: So I will put my order at 6.9K. and my next target is just below our prevouis resistance at 7.15K. this could be a possible profit of 3.7%, with a small leverage +/- 10%.
Pos2: If we break below our 6.87K we are going to bounce at the 6.8K level. I think that find support just above the 6.8K because a lot of people put their shorts just above that level. I expect a lot of people putting it at 6.8K so I expect there a small bounce for sure before we possibly go down more. On that trade we could make something around 1%.
next target: around 7.1K
possible profit without leverage: +/- 3%
possible profit without leverage: +/- 1%.
(this is no financial advice)
Love to hear your opinion on this!
DM's and comments are always welcome.
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