Hi,
Long story short, we have seen quite a good impulse from the ~$32k. Nice and clean waves upwards and today we managed to get a 4H candle close above 40k. It will give us a small sign that at least in this week we might get a short-term bullish move. So, let's try to gain something.
THE PLAN
Firstly, you can catch something from the current prices to 44k. It needs to get a rejection from the current prices 39-40k. IF it falls lower then consider it as a failure and move on! So, definitely use stop-loss if you are willing to try it almost right away.
43-44k is doable but from there I see a bit "deeper" correction. So, if the first scenario will play out, take at least some partial profits from 43 to 44k.
We still haven't seen a Daily candle close above 41k so, we will try to step in a bit sooner but let's see. As said use stop-losses.
If you want to play a bit safer game then wait for a Daily candle close above 41k+ and step in after the retest of 37 to 40k.
Currently, I see it as I have shown on the image, the choice is yours which scenario, which price levels and etc.
Good luck,
Vaido
Long story short, we have seen quite a good impulse from the ~$32k. Nice and clean waves upwards and today we managed to get a 4H candle close above 40k. It will give us a small sign that at least in this week we might get a short-term bullish move. So, let's try to gain something.
THE PLAN
Firstly, you can catch something from the current prices to 44k. It needs to get a rejection from the current prices 39-40k. IF it falls lower then consider it as a failure and move on! So, definitely use stop-loss if you are willing to try it almost right away.
43-44k is doable but from there I see a bit "deeper" correction. So, if the first scenario will play out, take at least some partial profits from 43 to 44k.
We still haven't seen a Daily candle close above 41k so, we will try to step in a bit sooner but let's see. As said use stop-losses.
If you want to play a bit safer game then wait for a Daily candle close above 41k+ and step in after the retest of 37 to 40k.
Currently, I see it as I have shown on the image, the choice is yours which scenario, which price levels and etc.
Good luck,
Vaido