Bitcoin: Trade Opportunities for Buyers and Sellers
The 4H timeframe provides ideas how to trade depending on breakout signals. The signals from this timeframe can be used for buyers and sellers as well. For the better entry points, we should use lower timeframes.
If the price breaks the local downtrend line, it will be a buy signal with stop orders below SMA100 and the local swing low. The main profit target should be 12 000USD resistance.
If the price bounces from the local downtrend line and moves below 11 500USD and SMA100, it will be a possible selling opportunity. Stop orders for short trades should be placed above SMA100 and the local swing high. The main profit targets will be 11 000USD and SMA200.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks the local downtrend line, it will be a buy signal with stop orders below SMA100 and the local swing low. The main profit target should be 12 000USD resistance.
If the price bounces from the local downtrend line and moves below 11 500USD and SMA100, it will be a possible selling opportunity. Stop orders for short trades should be placed above SMA100 and the local swing high. The main profit targets will be 11 000USD and SMA200.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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