₿/$ | BITCOIN: RALLY IS OVER OR JUST A BEGINNING 👨🚀
Do you think it is always possible to make the right decisions?! Write in the comments what do you think.
On my opinion that it is impossible to make always right decisions, and it is normal. I can say about myself, I often make mistakes and make wrong decisions. I am facing this constantly in the trading and there are times when it is very difficult to make the right decision.
In order to increase the chances of a profitable trade, I make a “map” for myself on the chart and think over the probabilities of the scenarios, taking into account many factors. One such factor is levels.
Let's talk today about the - $ 7000. In my opinion, this is a key level for the current price action in which the price moves in an upward channel.
If the price can break through this level, I will increase the position in bitcoin , I will also start working with short-term long direction trades. My idea is that if bitcoin breaks $ 7000, then we will most likely see next target-resistance at a price of ± $ 7600, after which I will look for support at the broken level of $ 7000, such a price action in my opinion will support further movement to the $ 9000-10000 zone.
On the other hand, if we can not break through $ 7000 and begin to decline in the zone of $ 5800-5500. In my opinion, this is a cause for concern and the trade to a short position in short-term trading. At least this is what is happening now, we see on the 1h chart rejection of the 6900-7000.
So there is some probability we will continue to decline within the of $ 5800-5500.
1h chart pic
Previous Ideas about bitcoin still in play:
Daily Engulfing: Short-Term Adam&Eve pattern:
Let's discuss in more detail in today's Live Stream, follow the link: https://www.tradingview.com/streams/OhQO...
Be sure to share this idea in your social media, as well as join my telegram chat room - https://t.me/artemcrypto