Bitcoin: Short Term Trade Idea

2019年11月12日

Bitcoin: Short Term Trade Idea

Hi everyone,

Today I'm sharing a Long idea for Bitcoin with you.He's my reasoning:

* BTC is moving inside a falling wedge (bullish pattern)

* BTC is approaching an old resistance zone, this time it may act as support

* The 61.8% Fibonacci retracement level is also inside this zone

* The target is the liquidity zone between ~9100 and 9400

* Stop under the old resistance zone

Long ~8500
Tp1 9100
TP2 9200
SL 8270

This trade is about 3R which is good .

I'm not particularly bullish on Bitcoin, but this is a quite good setup.

Tell me what you think!