BTCUSDT. Consolidation.
Hello everyone. I want share my idea about Bitcoin.
We saw massive move couple weeks ago on bitcoin, came to 2023 High and start consolidation.
In my opinion bitcoin still have power for brake that resistance and continue moving up. for that we need to look 2 different LVL which is at 29500 and 31300.
For me consolidation is the best for trade but when you have bullish trend the best open position is low key at the moment 29500.
I think next week Bitcoin will show real direction and brake support or resistance, BUT WE NEED TO BE CAREFULLY. usually Market makers make false brake outs when price consolidating. For that this is my price prediction with scenes.
1 Bullish Scene - Price coming to close resistance which is at 31300, brake that resistance with bullish candles then coming back to retest and here will be my long position entry.
2 Bearish Scene - Price brake support LVL at 29500 with Strong bearish candles, then it coming for retest and here will be my short position open.
BE PATIENT!!!!
We saw massive move couple weeks ago on bitcoin, came to 2023 High and start consolidation.
In my opinion bitcoin still have power for brake that resistance and continue moving up. for that we need to look 2 different LVL which is at 29500 and 31300.
For me consolidation is the best for trade but when you have bullish trend the best open position is low key at the moment 29500.
I think next week Bitcoin will show real direction and brake support or resistance, BUT WE NEED TO BE CAREFULLY. usually Market makers make false brake outs when price consolidating. For that this is my price prediction with scenes.
1 Bullish Scene - Price coming to close resistance which is at 31300, brake that resistance with bullish candles then coming back to retest and here will be my long position entry.
2 Bearish Scene - Price brake support LVL at 29500 with Strong bearish candles, then it coming for retest and here will be my short position open.
BE PATIENT!!!!
If someone will try open here position open it at 29500 because trend is bullish.
My ideas will be soon.