Bitcoin is well on its way to produce a new all time high in the coming days. This trade acts on that premise. However, since Bitcoin has historically seen a small sell-off around +10% gains in one run, I'm expecting Bitcoin to fall to around 55k after hitting the current ATH resistance. At 55k we'll place our entry and trade the way up.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on the current all time high and round numbers. Do your own due diligence.
Happy trading!
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on the current all time high and round numbers. Do your own due diligence.
Happy trading!
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