BTCUSDT: Overview of the market situation.

24 thg 12, 2020

Greetings! I want to tell you right away that the situation with Bitcoin is now very shaky, it literally hangs in the balance. The fact of the merging of altcoins and the growth of domination only confirms the fact that people close their positions and enter the cash or stable coins, and bitcoin stands still - everyone is waiting for the next step from it. If we consider an asset on a large timeframe, then its real support is $ 19,500. And if something goes wrong, then he will stop only there. Of course we trade technical in the range of $ 22,500 - $ 24,000. So there are also levels (shown on the chart) for which you can place stop losses. But if you are trading in the long term, or you are simply afraid to enter the market now, then you should know that you need to look closely at Bitcoin only around $ 19,500.

Well, locally everything is simple. Sell ​​from the resistance level. Gaining positions from supports. Don't trade in the middle of the range. The closer to the overflow level, the lower the stop loss will be. Stop loss must be placed! I'm not saying that Bitcoin can't go between $ 25,000 and $ 26,000.

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Have a nice day and let the profit be with you!