CRYPTO - $BTC.X $BTCUSD - Swing idea - 78k soon
Quick swing trade idea:
- I think with the 1.9T Stimulus Bill passed, the very short term is fairly bullish.
- However, I think next week we will see quite the correction in the broader market, if not on Monday, then later in the week, and it will affect Bitcoin as well.
- I think we see 47-48k before Monday:
- but in the week it is possible to drop once more to 41-42k~, based on MACD, which suggests we are not done consolidating:
- However, I think we see the next high of 78k~ shortly.
- I think with the 1.9T Stimulus Bill passed, the very short term is fairly bullish.
- However, I think next week we will see quite the correction in the broader market, if not on Monday, then later in the week, and it will affect Bitcoin as well.
- I think we see 47-48k before Monday:
- but in the week it is possible to drop once more to 41-42k~, based on MACD, which suggests we are not done consolidating:
- However, I think we see the next high of 78k~ shortly.
Comment:
I am quite bearish in the short term. If this 42k level doesn't show a reversal, we will see lower. No buy in price yet, watching for the critical 42k
Comment:
Unfortunately, I did take this short trade, from the suspicious price action, but lost out on it. When you take risks by not waiting for technical confirmations, it's bound to happen:
Comment:
The Trade Setups I am now look at...
Bearish:
Bearish:
Comment:
Bullish:
