BTC is trading in an unpredictable region. What we know is that there is a lot of resistance between 7400 and 8400 and this bull run is over-extended and due for a pullback. But how high will it go before it pulls back, and how low will it pull back to. I wish I had the answers. There are many ways this can play out and I have tried to visualise how the chart could look over the next few weeks.
I think the best way to trade right now is to take a long term view and have a stop loss that is large enough to protect you from scam wicks and be patient. I have a short position from 7400 and will add to it until 8200 to keep an avg entry of 7800 if all the orders fill. S/L at 8600.
This is my opinion and not advice.
Good luck
I think the best way to trade right now is to take a long term view and have a stop loss that is large enough to protect you from scam wicks and be patient. I have a short position from 7400 and will add to it until 8200 to keep an avg entry of 7800 if all the orders fill. S/L at 8600.
This is my opinion and not advice.
Good luck