BTCUSD TWO GOOD LONG POSITIONSHello traders,
this is my analysis for BITSTAMP:BTCUSD and the way I will operate.
Two possible entries monitoring 4h candle close 1 or 2.
Post your idea/analysis below for discussion.
Thank you all for your support.
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Btcusdidea
Bitcoin- will this be the week?As I said in my previous analysis, it is clear for me from, watching the price evolution, that bulls are very weak when it comes to crypto market.
In Bitcoin's case, every rally was considered a good opportunity for sellers and I expect bitcoin to fall further.
Last week was a range trading one with price congesting and congesting.
A break under support looks unavoidable at this moment and Stop Losses under 30k should lead to acceleration.
20k is still my medium-term target with interim support at 25k
Only strong buying power and BtcUsd above 35k would change my opinion
BTCUSD vs GOLDBuy when the price going dip, Buy when the people worry, buy when the people panic, buy when the people on fear.
Hold it and take some coffee. close your ear don't hear anything about people said.
bitcoin is the best long term trade for me. not for daily or weekly. I see always for monthly
All billionaires do this way.
As we see, there is no buyers on bitcoin.
As my opinion, bitcoin correlation with GOLD.
Gold seems still uptrend.
Good luck. Play safe and manage your leverage.
Bitcoin trading in a range Bitcoin is trading in the range of $30,000 - $40,000 with huge wicks on both sides. Bitcoin is in the range for almost two months. The lower point of the trading range is $30,000-$31,000. The midpoint of the range is $35,000-$36,000 and the upper point of the range is $40,000-$41,000. A daily candle that closes below $31,000 is bearish and will bring more dump. BTC needs to break and hold above $36,000 to turn bullish and go towards the upper band of the range.