Hi fellow traders,
Bitcoin DERIBIT:BTCUSD.P is declining a bit and making a nice downwards structure on the 1H frame. What we can see is building resistance on the 58K level.
We can see that the short-term foresight shows a possible resistance in the form of a trend-line rejection. Additionally, a possible rejection from the exponential moving average (50...
Hi fellow traders,
In this idea I have drawn daily supply and demand zones, although the zones of interest exist out of large ranges I think the combination of approaching both a long- and short-term supply zone and a forming rising wedge we are looking at a rejection from the 1h supply zone level.
I will wait on the lower timeframe to confirm the rejection,...
Hi fellow traders! There is a great possible LONG position on Bitcoin, placing the stoploss below the trendline can yield a nice daytrade on the short-term.
Happy trading ^^
Hi fellow traders,
We broke the important 60k level, I'm taking an option for a LONG position. But only for the right price.
Stoploss right below our demand zone and take-profit level just underneath the next serious supply zone. Somewhere in the middle we have some resistance at 61,500 could be a possibility to take some profits or when it's crushed to add to...
Hi fellow traders,
There is a descending triangle formation on Bitcoin, this gives a good indication that we might be looking at a breakdown in the upcoming 2 months.
Support on higher timeframes seem to pick up around 25K, we could look at a free fall from 28K - 25K.
Happy trading ^^
FTX:BTCPERP
