BitcoinLong
Bitcoin breakout +5% move ahead
Hello traders, hope everyone is having a fantastic day and profits off this trade idea.
If you find VALUE out of this content please LIKE and FOLLOW. Thanks!
Having been trading in these markets for years i know that when they strategically place wicks
in certain spots its for a reason and based off the way the candles are being printed on the 4 hour chart i
have come up with the conclusion that 10464 will likely be our breakout point. I would highly recommend
you wait for a 4 hour or daily candle to close above that level prior to entering so that you can have a more
clear confirmation of direction for Bitcoin.
RESISTANCE LEVELS
1. 10387
2. 10460's
3. 10600's-10630's
4. 10770's
5. 11000
Once $11000 target is reached we could rally up to $11,300 though i would expect some type of pullback upon
reaching $11,000 which i will place a low leverage short position in case of epic dump.
VPVR has significant liquidity gap from around $10,464 all the way up to $11,200's and using tradinglite you can
see that there are large sell orders at $11,000.
Thanks, LiquidMEX
If you find VALUE out of this content please LIKE and FOLLOW. Thanks!
Having been trading in these markets for years i know that when they strategically place wicks
in certain spots its for a reason and based off the way the candles are being printed on the 4 hour chart i
have come up with the conclusion that 10464 will likely be our breakout point. I would highly recommend
you wait for a 4 hour or daily candle to close above that level prior to entering so that you can have a more
clear confirmation of direction for Bitcoin.
RESISTANCE LEVELS
1. 10387
2. 10460's
3. 10600's-10630's
4. 10770's
5. 11000
Once $11000 target is reached we could rally up to $11,300 though i would expect some type of pullback upon
reaching $11,000 which i will place a low leverage short position in case of epic dump.
VPVR has significant liquidity gap from around $10,464 all the way up to $11,200's and using tradinglite you can
see that there are large sell orders at $11,000.
Thanks, LiquidMEX
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