$BTCUSDT weekend updates (LONG first, then SHORT plays)
Another weekend incoming, BTCUSDT bounced off from the level of interest for now, forming a potential hammer, (still waiting for further confirmation for daily closing). middle term remains bearish as the bounced of from this level might be another level of entry for short position..
For now, my view on BTC is good for a bounce play up to $63,000 level before further downside. Anything above $64,000 marks my short entry invalid, (as if price breaking out the upper trendline and turns resistance to support on coming weeks).
My trading plan for now:
Step 1 :Long from $55,500 to close trade at $63,000
Step 2: Short entry to be filled at $63000-$64000 level and aims for TP1: $54000 & TP2: $49000.
Above solely are my opinion, not financial advices. Do your own due diligence.
-Quack.
For now, my view on BTC is good for a bounce play up to $63,000 level before further downside. Anything above $64,000 marks my short entry invalid, (as if price breaking out the upper trendline and turns resistance to support on coming weeks).
My trading plan for now:
Step 1 :Long from $55,500 to close trade at $63,000
Step 2: Short entry to be filled at $63000-$64000 level and aims for TP1: $54000 & TP2: $49000.
Above solely are my opinion, not financial advices. Do your own due diligence.
-Quack.