BitcoinLong
BTC/USD TESTING THE RANGE 6K TO 9K - A very good buy set up.
Hi guys,
The Digital gold has been moving in a tight channel since it's break out in June. Since then, it's been in a bear channel, Moving up to 14k, move down to 10k, move up again to 12k5 then move down to 9k, over and over again.
This time, in my prediction, there is 80% that it will test the price of 6k (Very hard resistance) before boucing to upper channel at 9K. At this price it will decide to break out or continue to trade withing that small range.
Trading strategy:
Buy when the Price go back to around 6k, Stoploss at 5k, Take profit at 9k.
Risk/Reward: 1/3.
Probability: 80% certain.
Duration: within December 2019.
The Digital gold has been moving in a tight channel since it's break out in June. Since then, it's been in a bear channel, Moving up to 14k, move down to 10k, move up again to 12k5 then move down to 9k, over and over again.
This time, in my prediction, there is 80% that it will test the price of 6k (Very hard resistance) before boucing to upper channel at 9K. At this price it will decide to break out or continue to trade withing that small range.
Trading strategy:
Buy when the Price go back to around 6k, Stoploss at 5k, Take profit at 9k.
Risk/Reward: 1/3.
Probability: 80% certain.
Duration: within December 2019.
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