XBTUSD: Bitcoin is trying to break 10k barrier
Bitcoin quietly sneaks to 10000 barrier and will try to to pass it; maybe we will see price at 10400 mark already this weekend. But we shouldn't forget that 10k is resistance level and a some kind of pullback (including painful one, for example, in 9500 zone) is possible too.
I'm not in position and don't want to buy resistance, waiting for the 4h red candle for a better entry.
Options.
- It's possible to FOMO buy resistance hoping for 10400 level; stop at 9750
- Or open short targeting 9500 zone or like that. But trend is strong and open a position against the trend now is super risky low R:R deal.
Information is just for educational purposes, never financial advice. Always do your own research.
I'm not in position and don't want to buy resistance, waiting for the 4h red candle for a better entry.
Options.
- It's possible to FOMO buy resistance hoping for 10400 level; stop at 9750
- Or open short targeting 9500 zone or like that. But trend is strong and open a position against the trend now is super risky low R:R deal.
Information is just for educational purposes, never financial advice. Always do your own research.
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