Here we go again.
Bitcoin broke through the daily trendline and found Support at the 9530$-9630$.
Retested the daily trendline, short orders increased and led to another drop around the
9530$-9630$ region. After that it appeared a big bullish 4h candle which had a closure above the
daily trendline again, but also broke out of the range, in which it was stuck, since the 11100$ mark.
Now we can consider long trades. I expect a quick drop to the 9800$ region, to fullfill a retest of the freshly
broken Range.
Im going to open a long position at the 9800$ region, to catch a nice entry. If the range retest does not happen,
i am just going to wait for the next oppportunity.
In my last post i mentioned, that i am not going to rush into any trades. I hope that you can see now, why i am
patient and await the right opportunity to minimize my risk.
Last but not least, never forget that cryptocurrencies are a complete different market to trade in comparison to
forex.
And never risk more then 1% of your capital!
Bitcoin broke through the daily trendline and found Support at the 9530$-9630$.
Retested the daily trendline, short orders increased and led to another drop around the
9530$-9630$ region. After that it appeared a big bullish 4h candle which had a closure above the
daily trendline again, but also broke out of the range, in which it was stuck, since the 11100$ mark.
Now we can consider long trades. I expect a quick drop to the 9800$ region, to fullfill a retest of the freshly
broken Range.
Im going to open a long position at the 9800$ region, to catch a nice entry. If the range retest does not happen,
i am just going to wait for the next oppportunity.
In my last post i mentioned, that i am not going to rush into any trades. I hope that you can see now, why i am
patient and await the right opportunity to minimize my risk.
Last but not least, never forget that cryptocurrencies are a complete different market to trade in comparison to
forex.
And never risk more then 1% of your capital!
Stopp loss is at break even, so we can let the trade run out risk free