Bitcoin price on Christmas - 40K$ or 53K$ !!??
Dear traders and followers,
welcome to the latest Bitcoin trading idea.
The Bitcoin price has formed a wedge pattern. The volume is declining since the big down move at the beginning of December.
Its risky to open bigger position atm. TTM and MACD indicating an big move incoming in the next days. It can be both ways up or down.
I wait for a clear price move as drawn in the chart.
break and close under the wedge & 45K --> selling the retest with TP at 40-41K$ and SL at 47560$
break and close above wedge --> buying the retest with TP at 53K$ and SL at 44870$ ( I expect this one. Market made an higher low on 4 hour time frame. This should be followed by an higher high in the next 48 hours to confirm the idea)
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welcome to the latest Bitcoin trading idea.
The Bitcoin price has formed a wedge pattern. The volume is declining since the big down move at the beginning of December.
Its risky to open bigger position atm. TTM and MACD indicating an big move incoming in the next days. It can be both ways up or down.
I wait for a clear price move as drawn in the chart.
break and close under the wedge & 45K --> selling the retest with TP at 40-41K$ and SL at 47560$
break and close above wedge --> buying the retest with TP at 53K$ and SL at 44870$ ( I expect this one. Market made an higher low on 4 hour time frame. This should be followed by an higher high in the next 48 hours to confirm the idea)
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
