Bitcoin, in which case will I sell my positions?

28 thg 12, 2021

Yesterday Bitcoin made a false breakout of the $51,900 level, which is the upper boundary of the trading range. The price was then corrected by 6%. This is not a good signal. Bitcoin is now in a difficult situation.

There are two main scenarios to consider:
- The first and best scenario is if the price comes back and squeezes near the $51,500 level, this would be a very bullish signal for a breakout of the upper range boundary and a continuation of growth;
- The second scenario, if the price comes down and closes below $57-56K, then it is very likely that it will continue to fall and hit the low of 42K.

As you already know from previous ideas I bought some altcoins and I would be very happy if the price goes in the first scenario. In case the price closes below $56-57k levels I will most likely close my positions.

Write in the comments all your questions and instruments analysis of which you want to see.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.