$BTC - Little risky long scalping plan
Updated
This is my kind of plan currently with BTC. Still a risky trade, since the price has lots of resistance above and price hasn't, but bulls have several points in favour and price might set 57.5-58k as a good support. Small capital risk on this one.
Let's see what the market do.
Let's see what the market do.
Trade active
The bulls didn't wait for the price to fall below the 58100 mark and a strong impulse was sent from around 58170, that is coser to the 0.5 fibo zone.I don't like these kind of price actions, usually it means that price took low liquidity, leaving a lot of long trades between 0.88 and 0.618 fibo zone and won't give the same strength to the impulse, imho.
Currently still waiting the price to come back to my entry point. If price shoots higher I will quit the trade. If it comes back I will entry but not very convinced, 59500 will turn in a stronger resistance not leaving much energy to keep going up.
Let's see.
Trade closed manually
BTC reached TP1 and it's pulling back, let's see what comes nextTrade closed: target reached
Target reached! without me in the trade But DXY going down helped the price of Bitcoin this time, my analysis wasn't the real player here
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