BTCUSD Idea
Updated
G'day, Guys. The final day of the week
Today we going to analyse BTCUSD (BITCOIN)
From the chart, we clearly see Daily Trendline broken and 4 Hour Trend build up solid uptrend.
From my perspective, BTCUSD started the journey for the previous high 6+k price tag. To manage the risk, I prefer to wait and see the next confirmation before open any position. In my analysis, there was an SNR we have to take into consideration together with understanding the pair volatility which plays significantly in the successful trading plan.
On upside confirmation, we looking at 47k Level broken with solid confirmation before opening any Long Positions, and solid break out confirmation at 44k price tag for downside positon.
Let's see what happen next. Cheers
Today we going to analyse BTCUSD (BITCOIN)
From the chart, we clearly see Daily Trendline broken and 4 Hour Trend build up solid uptrend.
From my perspective, BTCUSD started the journey for the previous high 6+k price tag. To manage the risk, I prefer to wait and see the next confirmation before open any position. In my analysis, there was an SNR we have to take into consideration together with understanding the pair volatility which plays significantly in the successful trading plan.
On upside confirmation, we looking at 47k Level broken with solid confirmation before opening any Long Positions, and solid break out confirmation at 44k price tag for downside positon.
Let's see what happen next. Cheers
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