Hello guys.
Price is ranging right now without a clear direction. its not worth buying right now in these conditions.
As i clearly show on the chart we have 2 possible scenarios.
1) Price follows the purple lines and retracts. You can look for buying zone (yellow circle) at 3700$
2) Price breaks the top down trend line ( blue) and follows the green lines. I advice to wait until the price retracts to the yellow circle (4115$) to place the LONG order. (take profit at the superior circle, 4460$)
Please remember that patience usually pays off. It makes no sense to place a mindless order just because we are impatient. The good thing is the market always give us new trading opportunities.
I WILL BE UPDATING THIS CHART IN A FEW HOURS.
Good Trading! :)
If you like this analysis and profit with it don't hesitate about following me and thumbs up this chart.
TIPS are welcome too:
BTC: 19sYzxs7GiES8fJpLaXtjawDxxxY3MW5H5
Price is ranging right now without a clear direction. its not worth buying right now in these conditions.
As i clearly show on the chart we have 2 possible scenarios.
1) Price follows the purple lines and retracts. You can look for buying zone (yellow circle) at 3700$
2) Price breaks the top down trend line ( blue) and follows the green lines. I advice to wait until the price retracts to the yellow circle (4115$) to place the LONG order. (take profit at the superior circle, 4460$)
Please remember that patience usually pays off. It makes no sense to place a mindless order just because we are impatient. The good thing is the market always give us new trading opportunities.
I WILL BE UPDATING THIS CHART IN A FEW HOURS.
Good Trading! :)
If you like this analysis and profit with it don't hesitate about following me and thumbs up this chart.
TIPS are welcome too:
BTC: 19sYzxs7GiES8fJpLaXtjawDxxxY3MW5H5
Comment:
Still uncertain. Waiting for a clear break out of the blue line (4100$+) or the descending to point C (3700$)
Trade active:
Look at this Guys.
It took his time but entry (C) hit.
Now we are long on this.
It took his time but entry (C) hit.
Now we are long on this.