The new bearish scenario looks like a head and shoulders. It isn't clear because the soulders are asymmetrical. Anyway, if we have a clear break in $5800 with high volume we can confirm it. The target of this trade is around $4650.
After a multiday crash during the last week, BTC looks stronger against SPX . It broke the descendant parallel channel . Is a good idea move your money from the major indices to cryptocurrency?
This is how I will trade BTC in a bullish scenario. If we get a good break in $6909 I will buy.
Next, I will sell some % in the 3 target: $8859, $10426 and $11993.
You must adapt this strategy to your level of risk with a stop loss, lower targets and bigger % sells in the target.
If you win some $$ with this trade, you can buy me a coffee:...
This is how I will trade BTC in a bearish scenario. If we get a good break of the trendline it can be a bearish flag pattern confirmation.
The target of this bear flag are $3300-$3500 levels.
If you win some $$ with this trade, you can buy me a coffee: bc1qejlru267zn25jxzs6p4tgm85el68ggx55eqdaq