BTC forecast - Two short-term trades!

2022年5月16日

Today we will consider two potential trades that we plan to trade on the BTCUSDT chart.

The logic of the trading situation on the first trade:
The first wave of the Bitcoin price rebound is not yet complete. The price of BTCUSDT is moving in a consolidation wedge. Buyers will try to organize another wave of growth.

Entry - $29341
stop - $29107
TP-1 - $30600
TP-2 - $31750

The logic of the trading situation on the second trade:
The price completed its first wave of growth within the global rebound. However, after the correction, a second wave of growth is expected. Bitcoin price is moving in a wide consolidation channel and we expect a test of the lower trend line of the channel.

Entry - $27455
stop - $26562
TP-1 - $29100
TP-2 IS $31750.

In this case, before entering into a position, we should calculate the probable amount of losses on the stop orders of two positions ahead. And just after that make a decision on how much of the deposit to enter into the trade. Let us remind you that now we trade counter-trend deals, which are more risky than trading along the trend.