See original
$BTC Morning Trading Strategy
Brothers, I'm back! Today, I’ll first try a big move and see how it goes. Recently, altcoins have been falling heavily, so let’s focus on the mainstream coins. Below are my personal views for today, just for reference.
The tactic of rapid rises and slow declines has really worked well for the traders. There hasn’t been much market activity these past few days, and it's been a slow decline, making it hard to stay motivated. But don’t worry, the brave ones will enjoy the world first.
Bitcoin hit 110,000 and was just 1,200 points away from breaking through, then it dropped all the way down to around 94,000 now, correcting about 13%. Meanwhile, altcoins have basically been cut in half on the way up. So, I suggest you try trading contracts on mainstream coins; at least you won’t lose as much. Currently, the market is in a downward trend, but around 92,500 there are clear signs of a bottoming out, indicating that the support level below is quite strong. However, we can't rule out the possibility of it being a false signal. You could consider going long around here, but if it breaks down, it could head towards 88,000. The last time the support level at 92,000 was tested was ten days ago. The traders have worked hard to push it up that high, so it’s unlikely to drop back down unless there’s negative news, like last time with Old Powell. Now around 94,000 is also not at a very low point, so you can prepare to go long.
Without further ado, let’s get on board.
Looking bullish between 93,000-93,500, targeting around 95,000.
Brothers, the day after tomorrow is New Year’s Day. Where are you all going to celebrate the New Year?
Brothers, I'm back! Today, I’ll first try a big move and see how it goes. Recently, altcoins have been falling heavily, so let’s focus on the mainstream coins. Below are my personal views for today, just for reference.
The tactic of rapid rises and slow declines has really worked well for the traders. There hasn’t been much market activity these past few days, and it's been a slow decline, making it hard to stay motivated. But don’t worry, the brave ones will enjoy the world first.
Bitcoin hit 110,000 and was just 1,200 points away from breaking through, then it dropped all the way down to around 94,000 now, correcting about 13%. Meanwhile, altcoins have basically been cut in half on the way up. So, I suggest you try trading contracts on mainstream coins; at least you won’t lose as much. Currently, the market is in a downward trend, but around 92,500 there are clear signs of a bottoming out, indicating that the support level below is quite strong. However, we can't rule out the possibility of it being a false signal. You could consider going long around here, but if it breaks down, it could head towards 88,000. The last time the support level at 92,000 was tested was ten days ago. The traders have worked hard to push it up that high, so it’s unlikely to drop back down unless there’s negative news, like last time with Old Powell. Now around 94,000 is also not at a very low point, so you can prepare to go long.
Without further ado, let’s get on board.
Looking bullish between 93,000-93,500, targeting around 95,000.
Brothers, the day after tomorrow is New Year’s Day. Where are you all going to celebrate the New Year?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
98,690.52
+0.36%
Replies 0