BTC decision time very near! Long or Short?
Hy traders!
Where do you think price goes? Please let me know in the comment section!
BTC nearing the end of this ascending triangle with strong resistance ahead from the weekly EMA 50 at around the 7835USD level. It will be very interesting to see if bulls are able to push through, which would be extremely bullish and I think high prices could be the result. However, there is also a chance that bears are waiting with their shorts. Anyway, I expect a fight with canons and we will know tomorrow at the latest who won that fight! (fingers crossed)
Be aware that the lower timeframes are bullish and BTC broke the daily 50EMA which could be evidence that the bullish scenario has higher odds to develop, especially the block reward halving event is very close as well!
Be prepared for both scenarios guys and trade only with a Stop Loss!
Good luck!
Where do you think price goes? Please let me know in the comment section!
BTC nearing the end of this ascending triangle with strong resistance ahead from the weekly EMA 50 at around the 7835USD level. It will be very interesting to see if bulls are able to push through, which would be extremely bullish and I think high prices could be the result. However, there is also a chance that bears are waiting with their shorts. Anyway, I expect a fight with canons and we will know tomorrow at the latest who won that fight! (fingers crossed)
Be aware that the lower timeframes are bullish and BTC broke the daily 50EMA which could be evidence that the bullish scenario has higher odds to develop, especially the block reward halving event is very close as well!
Be prepared for both scenarios guys and trade only with a Stop Loss!
Good luck!
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DISCLAIMER (read it please): Never ever consider a trade without an education and always use a STOP LOSS to protect your account at all costs! Never ever use a mental STOP LOSS! You should also have a strict money management system in place, which allows you to trade with only a 1% Risk for each trade you take! If you are a beginner, you should trade with only 10USD Risk maximum and continue until you have gained the skills and proved yourself to be profitable over a longer period of time!!!