Nova_Sniper

BTC golden cross done and reach next resistance

BINANCE:BTCUSDT   Bitcoin / TetherUS
As my previous chart, BTC had done the golden cross, a very nice momentum to be bullish as the range of Fibonacci. However, the bull run will need time to break resistance. VWAP and Fibonacci show the next resistance at 48k and current support is 43,4k, this is the range in which BTC may have some up/down and accumulate to be ready to break the resistance. In the bad case, BTC may drop below the range and retest the key level at 41,8k.

So yep, trading strategy now is to stick with portfolio capital control with a little bit low order quantity, less order and make sure always have a stop loss of 2%/trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.