A pullback on Bitcoin. When should we enter?
Like we've already said before, Bitcoin is currently in a strong downtrend which will most likely continue even lower. When there's a clear direction in the market, we don't want to trade against it but exactly the opposite. Therefore, we're only looking to sell in this downtrend and that's why we're patiently waiting for this pullback to end. In the video, you can see where exactly is my potential reversal zone and that's where I believe we will have an entry opportunity.
If you're a swing trader yourself, then I would suggest to be patient and wait for the right moment, rather than trying to be more active and looking for long opportunities. Again, trading with the main trend gives you a higher success probability. The targets of 25K I think are very possible and once reached we can then talk about what's next for price. Overall, when it comes to long-term ideas, obviously we're expecting that price will reach much higher levels but that's not the case while we're in a downtrend.
Good luck everyone and don't forget to like and comment below this video!
If you're a swing trader yourself, then I would suggest to be patient and wait for the right moment, rather than trying to be more active and looking for long opportunities. Again, trading with the main trend gives you a higher success probability. The targets of 25K I think are very possible and once reached we can then talk about what's next for price. Overall, when it comes to long-term ideas, obviously we're expecting that price will reach much higher levels but that's not the case while we're in a downtrend.
Good luck everyone and don't forget to like and comment below this video!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.