Hello Traders. I hope you are having a really good day.
Well as you can see there are 2 scenarios for BTC. You can open positions in which scenario it plays. If the price breaks the trend line, you can open short
position with the target of 36K zone and then buy back. Or if it breaks the 42K resistance, then you can open long on the pullbacks to the 42K mark.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on BTC and don`t forget to comment what you think. ✌
Well as you can see there are 2 scenarios for BTC. You can open positions in which scenario it plays. If the price breaks the trend line, you can open short
position with the target of 36K zone and then buy back. Or if it breaks the 42K resistance, then you can open long on the pullbacks to the 42K mark.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on BTC and don`t forget to comment what you think. ✌
Trade closed: target reached:
2nd scenario played out and our short position target got hit.
