Bitcoin: Fix Profit and Wait for New Trade Opportunities
The price reached the resistance zone and it is possible to fix the profit for the long trade. I wrote about this trade in the previous post. I also explained why I would skip it. So, those who could use that buying opportunity, well done! Those who skipped that buying opportunity - there will be new trade opportunities, don't worry about it!
What's next?
The price reached 19456$ resistance. RSI is going to confirm the price reversal and the same goes for MACD histogram. If so, we should be ready to see the price reversal with a further downward movement toward SMA50 and SMA200. The price action at these lines will be able to give new trade opportunities. We should wait for new bullish signals. As an alternative, it is possible to catch a pullback from the resistance. But short trades will be rather risky as the price movements at the resistance can be unpredictable. Be careful and follow the rules of proper risk and money management.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
What's next?
The price reached 19456$ resistance. RSI is going to confirm the price reversal and the same goes for MACD histogram. If so, we should be ready to see the price reversal with a further downward movement toward SMA50 and SMA200. The price action at these lines will be able to give new trade opportunities. We should wait for new bullish signals. As an alternative, it is possible to catch a pullback from the resistance. But short trades will be rather risky as the price movements at the resistance can be unpredictable. Be careful and follow the rules of proper risk and money management.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.