How To Find a Great Entry for BTC/USD - By Trading-Guru

In this technical analysis I will walk you through the most important technicals at BTC/USD and explain what to keep in mind when you will enter a trade.

BTC/USD is at a difficult spot at the moment to trade. Normally, you'd aim for buying low and selling high. We can use indicators to give us help and aid us in deciding what is low and what is high.

We can see BTC/USD trading in the middle between a support zone ("low") and a resistance zone ("high"). Also, BTC/USD is trading in the middle between a resistance and support line and the resistance area.

For a proper risk-reward in your trade set-up, make sure you enter a trade closer to a zone of support or resistance. E.g. you can wait for the price to reach $11,800 and go short. Or you can wait for the price to reach $11,100 and go long.

Another option is to see if the price can find support off the trend line.

Since the price has followed a bullish uptrend over the last ~days, I will give my recommendation to expect an uptake in the price towards the resistance, and I expect a downturn from there again. Allowing us to open a short position.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!