I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move up on Tuesday. This is a good sign that shows price is accepting this zone(58k to 62k) and is stabilizing/balancing within it. Just about an hour ago, the green dashed line was revisited. This also cleans up Monday's value area low. Based on this, I am positioned long. See chart for entry, target and stop loss.
This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that.

Boost and follow for more ideas! Thanks!
This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that.

Boost and follow for more ideas! Thanks!
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免責聲明
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