CRYPTO - $BTC.X $BTCUSD - Swing idea - 78k soon
Updated
Quick swing trade idea:
- I think with the 1.9T Stimulus Bill passed, the very short term is fairly bullish.
- However, I think next week we will see quite the correction in the broader market, if not on Monday, then later in the week, and it will affect Bitcoin as well.
- I think we see 47-48k before Monday:
- but in the week it is possible to drop once more to 41-42k~, based on MACD, which suggests we are not done consolidating:
- However, I think we see the next high of 78k~ shortly.
- I think with the 1.9T Stimulus Bill passed, the very short term is fairly bullish.
- However, I think next week we will see quite the correction in the broader market, if not on Monday, then later in the week, and it will affect Bitcoin as well.
- I think we see 47-48k before Monday:
- but in the week it is possible to drop once more to 41-42k~, based on MACD, which suggests we are not done consolidating:
- However, I think we see the next high of 78k~ shortly.
Note
I am quite bearish in the short term. If this 42k level doesn't show a reversal, we will see lower. No buy in price yet, watching for the critical 42kNote
Unfortunately, I did take this short trade, from the suspicious price action, but lost out on it. When you take risks by not waiting for technical confirmations, it's bound to happen: 
Note
The Trade Setups I am now look at...Bearish:
Note
Bullish:
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