Hell everyone this is my weekly idea for Bitcoin/USD
Market had a fun bull run for past weeks breaking two important resistance with no pull back
Our idea is we stay side lines and expect a pull back to the trend lines below which were resistances
and we expect them to turn to support ( red line and green line )
Our plan 1 is to buy from Red line to target 2017 high
a weekly close below red line is bearish for us so we start to sell target green line ..
Our plan 2 is to buy from green line for two targets .. red line .. and 2017 ATH
a weekly close below green line is bearish for us so we start to sell target demand zone physiological level
Note: we can sell from red line to target green line if price shows rejection on lower time frame
our plan 3 is to buy from physiological level to target red line and above
a close below our zone is bearish for us we start sell target 200 EMA
Our last plan is to buy from 200 EMA which is the last defense of BTC ( My view )
Good luck everyone for any question feel free to ask :) and good luck
Market had a fun bull run for past weeks breaking two important resistance with no pull back
Our idea is we stay side lines and expect a pull back to the trend lines below which were resistances
and we expect them to turn to support ( red line and green line )
Our plan 1 is to buy from Red line to target 2017 high
a weekly close below red line is bearish for us so we start to sell target green line ..
Our plan 2 is to buy from green line for two targets .. red line .. and 2017 ATH
a weekly close below green line is bearish for us so we start to sell target demand zone physiological level
Note: we can sell from red line to target green line if price shows rejection on lower time frame
our plan 3 is to buy from physiological level to target red line and above
a close below our zone is bearish for us we start sell target 200 EMA
Our last plan is to buy from 200 EMA which is the last defense of BTC ( My view )
Good luck everyone for any question feel free to ask :) and good luck