Bitcoin Long Trade Setup - BTC Holding Support!
Hello Traders!
I'm going to keep this short so I can get this post out as quick as possible...
1) I'm expecting stocks to rally in the coming days / week due to the massive sell off last week and the fact that their earnings reporting is over with. This should alleviate some of the fear in the stock market and allow for a relief rally. If tech stocks rally Crypto will follow.
2) BTC is holding at support and entering a heavy buying zone.
3) This is a smaller trade, but nonetheless a high probability trade setup.
4) Enter below $38.5K, follow the guide!
*** Never get greedy, you are more than welcome to take profits where you want, (it's your money) but be careful and lock in profits when you can, especially if you are trading with leverage.
Remember, nobody ever went broke taking profits!
Best of luck!
***Also if you have any questions feel free to message me or comment your question and I will get back to you as soon as I can.
I'm going to keep this short so I can get this post out as quick as possible...
1) I'm expecting stocks to rally in the coming days / week due to the massive sell off last week and the fact that their earnings reporting is over with. This should alleviate some of the fear in the stock market and allow for a relief rally. If tech stocks rally Crypto will follow.
2) BTC is holding at support and entering a heavy buying zone.
3) This is a smaller trade, but nonetheless a high probability trade setup.
4) Enter below $38.5K, follow the guide!
*** Never get greedy, you are more than welcome to take profits where you want, (it's your money) but be careful and lock in profits when you can, especially if you are trading with leverage.
Remember, nobody ever went broke taking profits!
Best of luck!
***Also if you have any questions feel free to message me or comment your question and I will get back to you as soon as I can.
Comment:
After further analysis I have moved my "Take Profit" level to $40K. If you took profits at $39.5K that's great, but for anyone holding out for "TP #2" just know that I will no longer be waiting for that level to be hit and will be closing the full position at $40K. I will post an updated analysis tonight. Thanks!