DLavrov

Bitcoin Short Term Trade

Long
POLONIEX:BTCUSDT   Bitcoin / Tether USD
We have the same pennant chart pattern like in XBTEUR market, but the difference is in strong resistance levels which are not far from entry point. The price can be stopped by 4900.00 and 5000.00 levels. But if you want to take part in high risky trading, pending orders for buy can be placed at 4920.00 level. Stop orders must be at 4735.00 level. Profit target is 5200.00 level. Be ready that the market can bounce from 5000.00 level and we'll see short term retracement. Use stop orders for exit if the market moves against your long positions.

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