BTCUSD Bullish Weeks of July

2 ก.ค. 2021

Hi Traderfriends!

A short introduction about me:

Trading for 5 years now.
Love to keep it short and simple.
Verified track record trading Forex, CFDs, Gold.

My overall outlook:

Markets are still driving small investors crazy trading inside the range after the crash.
Our crash high zone 41-43K and our crash low zone is at 28K-30K.
Simply buying in at the crash low zone to take profits at the crash high zone is a solid strategy for beginners.

In my eyes it is probable that we'll see a break of the crash low zone down to 22K-24K before we moon again.
Trading and TA and is not about having a crystal ball, you can always go wrong. It's about hunting for good setups with good risk/reward ratios.

My outlook for July:

We identified a M30 channel. We might see a bounce in the lower 32K area where bulls might take over for the first/second week of July.
Look out for high volume spikes and a rejection with a longer wick to enter afterwards.
Always use a stop loss or learn to hedge.

Happy Trading! :)