After a great rally over the last 2 months, the bitcoin retraced back to the $800 - $900 area
It now displays the same pattern as when it retraced back to $600, just before the rally to $1100
Accordingly, we can make the same Long trade with tight Stop Loss under the current support
Here is my plan:
Trading Plan to Buy:
Entry price: Around 900$
Stop...
Last month, we talk about the range about to break and advised to go short on a break with a TP at 520$.
It worked perfectly.
Now we are set for another opportunity with a range between 550$ and 600$
Here is my plan:
Trading Plan to Buy:
Condition (When): If it closes over the first resistance(600$) at 605$.
Stop Loss: We exit if the price breaks the...
We have been in a tight range for one months.
Following my previous analysis here , we have now broken the lower part of the range .
Accordingly, it is time to take a short position.
Here is my plan:
Trading Plan to Sell:
Entry price: Around 610$
Stop Loss: We exit if the price goes back into the range at 650$.
Take profit: Before the...
We have been in a tight range for one months.
Many many traders are now waiting for a breakout of the range.
Here is my plan:
Trading Plan to Buy:
Condition (When): If it closes over the first resistance(685$) at 700$ .
Stop Loss: We exit if the price goes back into the range at 650$.
Take profit: Over the recent High(780$) at 820$.
Risk/Reward...
Two scenarios:
1. We break the resistance at 1.117 and traders will be looking to buyback to 1.132
2. We break the trend line and traders will start to sell and target new lows
