BTC forecast - Two short-term trades!

16 thg 5, 2022

Today we will consider two potential trades that we plan to trade on the BTCUSDT chart.

The logic of the trading situation on the first trade:
The first wave of the Bitcoin price rebound is not yet complete. The price of BTCUSDT is moving in a consolidation wedge. Buyers will try to organize another wave of growth.

Entry - $29341
stop - $29107
TP-1 - $30600
TP-2 - $31750

The logic of the trading situation on the second trade:
The price completed its first wave of growth within the global rebound. However, after the correction, a second wave of growth is expected. Bitcoin price is moving in a wide consolidation channel and we expect a test of the lower trend line of the channel.

Entry - $27455
stop - $26562
TP-1 - $29100
TP-2 IS $31750.

In this case, before entering into a position, we should calculate the probable amount of losses on the stop orders of two positions ahead. And just after that make a decision on how much of the deposit to enter into the trade. Let us remind you that now we trade counter-trend deals, which are more risky than trading along the trend.