Where is bitcoin going? Will the support survive?
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Friends, a small update to yesterday's BTC post.
Technically: Bitcoin - failed to overcome local resistance (upper part of the triangle $29,650-$29,855)
Ahead we have support in the lower part of the triangle border of $28,300, from where the buyer may be activated, but often such support can fail under pressure, or it ends with a squeeze movement and a return back to the borders of the pattern, in general, if you decide to gain from the current Long, be prepared for that that the price may go even lower than the current values, it is best to act with a grid of orders with an addition lower.
At the moment, I have fixed a fully Long position and above in a total profit of 10% to the deposit with a leverage of 3X. I think that this is a good percentage in a short time.
So far, I have not made a decision on marginal positions, but I will probably re-enter long soon, I want to wait for more confirmations to take a position.
Friends, a small update to yesterday's BTC post.
Technically: Bitcoin - failed to overcome local resistance (upper part of the triangle $29,650-$29,855)
Ahead we have support in the lower part of the triangle border of $28,300, from where the buyer may be activated, but often such support can fail under pressure, or it ends with a squeeze movement and a return back to the borders of the pattern, in general, if you decide to gain from the current Long, be prepared for that that the price may go even lower than the current values, it is best to act with a grid of orders with an addition lower.
At the moment, I have fixed a fully Long position and above in a total profit of 10% to the deposit with a leverage of 3X. I think that this is a good percentage in a short time.
So far, I have not made a decision on marginal positions, but I will probably re-enter long soon, I want to wait for more confirmations to take a position.
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