BTC is no trade zone for me!

From technical point of view, BTC is targeting 12,000$ level and is moving up very nicely supported by MAs. The current levels though, are packed with resistance and lot of traders are getting ready to short at different levels upto 10,500$. If I must trade it, I prefer to be on the long side than the short side, if the bulls manage to hit the stop levels of all the shorts, BTC will snap up leaving lot of losers behind.
If you want to be safe, trade it when its below 8000$ or above 10500$.
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Do your own analysis before following my ideas
Happy Trading!

Comment:

As expected, BTC broke the triangle to the upside and hit the red resistance line shown on the chart exactly at 10372$. Let see how price action will form in this resistance area.
Hit the like button please if you find this useful :)
Do your own analysis before following my ideas
Happy Trading!

Comment:

BTC is still hoovering around resistance with tighter trading range between 9300$ and 10500$, this is a positive signal that gives me more confidence of a break out coming soon...
Hit the like button please if you find this useful :)
Do your own analysis before following my ideas
Happy Trading!

Comment:

BTC is out of the no trading zone, staying above 10500$ is a positive sign to target the sell zone around 12000$.
Hit the like button please if you find this useful :)
Do your own analysis before following my ideas
Happy Trading!

Comment:

Spot on, BTC hit the selling zone around 12000$ precisely at 12124$ and fell 1500$ in few minutes ;)
Hit the like button please if you find this useful :)
Do your own analysis before following my ideas
Happy Trading!