Bitcoin Daily Trade - Pennant Breakout!
Updated
Hello traders and friends, hope all of you are doing fine!
From now on, i will try to post everyday a daily trade, completly free for my followers and supporters!
Today i bring you a Bitcoin trade!
So lets begin...
We are looking at the 4HR/Chart, and we can clearly see price is forming a pennant, wich should be breaking out very soon, in the next 10h aprox.
We have strong resistance ahead if we go up, and in the smaller time frame MACD just did a bearish crossover, wich indicates we will test the bottom of the pennant again.
For now the momentum of BTC is not very stong and i highly suspect i will see the 7800$ very soon, if we have a breakout down, wich i say is 70% probable.
If we break up, i am expecting a big green candle until the 8600$ zone, and that would be my take profit zone.. wich for me is not so probable to happen..
For now we wait guys for the breakout, but the most probable scenario is a SHORT for now, a good reversal at the 7800$ zone!
I will update this trade soon, when we reach 10 likes!
Feel free to comment your opinion below in the comment section!
See you soon,
Mr.TTT
From now on, i will try to post everyday a daily trade, completly free for my followers and supporters!
Today i bring you a Bitcoin trade!
So lets begin...
We are looking at the 4HR/Chart, and we can clearly see price is forming a pennant, wich should be breaking out very soon, in the next 10h aprox.
We have strong resistance ahead if we go up, and in the smaller time frame MACD just did a bearish crossover, wich indicates we will test the bottom of the pennant again.
For now the momentum of BTC is not very stong and i highly suspect i will see the 7800$ very soon, if we have a breakout down, wich i say is 70% probable.
If we break up, i am expecting a big green candle until the 8600$ zone, and that would be my take profit zone.. wich for me is not so probable to happen..
For now we wait guys for the breakout, but the most probable scenario is a SHORT for now, a good reversal at the 7800$ zone!
I will update this trade soon, when we reach 10 likes!
Feel free to comment your opinion below in the comment section!
See you soon,
Mr.TTT
Note
Bitcoin is breaking down the pennant, and once we break the 8100$ zone, price should rally to 7800$ really fast..Lets wait for now! Not safe to trade at the moment!
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