Trading Bitcoin over the weekend - Long & Short levels
After consolidating from its recent high of nearly $72000 bitcoin tested 66500 levels and might rally from this point over the weekend or the mid of next week. A break from these levels may mean that the buyers aren't able to cope up with the shorts in play.
So for you all to understand the right levels and not fall prey to the trap of the consolidation zone I've managed to put the trades that might help you over the weekend and the coming week ahead.
Again, this is not a buying or selling recommendation, I do not advice taking trades without proper knowledge and guidance from your mentor.
So for you all to understand the right levels and not fall prey to the trap of the consolidation zone I've managed to put the trades that might help you over the weekend and the coming week ahead.
Again, this is not a buying or selling recommendation, I do not advice taking trades without proper knowledge and guidance from your mentor.
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I hope long buyers have entered their respective trades as mentioned. As you can see the price has already moved 500$ in our side so if anyone trading can shift SL $500 higher towards the buying range minimizing your SL and thereby generating higher trade profit.
I always consider BITCOIN $500-$800 above our buying to be a good zone to book maximum position so as to trail rest
I always consider BITCOIN $500-$800 above our buying to be a good zone to book maximum position so as to trail rest