In the last two days the price of btc has risen 20%. Now let's try to look at potential scenarios for bitcoin and what we should do.
Now the price on the higher timeframes has created lower highs and lower lows, this is a bad signal for growth. But if the price creates higher highs and lows, that would be a very strong bullish signal. When to Buy?If price makes a new high at $52920, that would be a good buying opportunity, and would mean a continuation of the bullish trend. In this scenario, the price will very quickly pass the $60,000 mark.
If the btc falls and the daily candlestick closes below the support, it will signal the continuation of the drop, and the btc will quickly continue to decline.
If that happens, we recommend to sell btc and wait for new buying opportunities.
At the moment we are holding a position in one of our strategies - 25%, coin-m futures, leverage 1x , entry - $44980.
Now the price on the higher timeframes has created lower highs and lower lows, this is a bad signal for growth. But if the price creates higher highs and lows, that would be a very strong bullish signal. When to Buy?If price makes a new high at $52920, that would be a good buying opportunity, and would mean a continuation of the bullish trend. In this scenario, the price will very quickly pass the $60,000 mark.
If the btc falls and the daily candlestick closes below the support, it will signal the continuation of the drop, and the btc will quickly continue to decline.
If that happens, we recommend to sell btc and wait for new buying opportunities.
At the moment we are holding a position in one of our strategies - 25%, coin-m futures, leverage 1x , entry - $44980.
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