Bitcoin - Bull or bear? Short to mid-term trade idea
Keep it plain, simple and minimize the noise!
Currently on the chart we see Bitcoin retesting the previous broadening wedge.
If a bullish retest confirms, we will be placing longs and taking profit between the 43k & 44k area.
Failing to hold here will result in a loss of support, which then we will be watching for a bearish retest confirmation to place shorts and take profit around the 36k area.
With any trade, ALWAYS be patient wait for confirmations to avoid any fake-outs.
Major resistance around $45550 and Major support around $34000, keep this in mind.
Comment your ideas down below :)
Currently on the chart we see Bitcoin retesting the previous broadening wedge.
If a bullish retest confirms, we will be placing longs and taking profit between the 43k & 44k area.
Failing to hold here will result in a loss of support, which then we will be watching for a bearish retest confirmation to place shorts and take profit around the 36k area.
With any trade, ALWAYS be patient wait for confirmations to avoid any fake-outs.
Major resistance around $45550 and Major support around $34000, keep this in mind.
Comment your ideas down below :)
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