Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Hello traders, please consider to put like here 💗! Here on 4h chart I am looking at pretty simple setup of big Expanding Wedge and price sideways inside 5800 and 6800 range. Another reason for bullish on this setup, I found similar fractal here:
To sum up here: if price will break 7000 we are going to see target in between 8000-9000 in nearest future. Stop loss for this setup below 5800.
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Please, consider to calculate your risks before any trade. This idea recommendation is for spot market only, trading big moves on high leverage is associated with a HUGE risk!
Trade active
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hey guys, bitcoin retested 0.618 Fib level, hoping we going to go up higher:
Comment
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WHAT I DO WITH BITCOIN NOW: I have some position for mid term, but it bought way lower than current price. Price now in a middle of nowhere, doing nothing, low volume, low volatility. I don't want to increase it at this prices. Waiting with the bigger part of account in cash. It may go down, or may go up. If goes above 7000 is confirmation for bullish in short term. If we get below 5800, means we going to see lower low which I explained on RSI strategy video. WATCH IT IF YOU MISSED: tradingview.com/streams/OhQOE054ltHLrpVH-STlS/