Bitcoin is still in the consolidation zone.
ASSUMPTION 1
Inorder to to trade we have to wait
and see what will happen in the future.
It from different view point I can all
I can see is that the zone between
44426.33
and 45733.74 is the zone that holds the
price
for long time and it failed to many time
when reach there. If we get a breakout and
and retest of that level we may have a
possible long trade not only because
due to the breakout and the retest but
also the directional bias will also change.
ASSUMPTION 2
Right at this moment as I am
righting this
there is a trend line breakout on the
daily
chart but that is not enough. If the price
goes 33083 we have to wait for the retracement
and go short for the zone I just mark
with a
specific entry reason.
thank you please leave me a comment
about your idea.
ASSUMPTION 1
Inorder to to trade we have to wait
and see what will happen in the future.
It from different view point I can all
I can see is that the zone between
44426.33
and 45733.74 is the zone that holds the
price
for long time and it failed to many time
when reach there. If we get a breakout and
and retest of that level we may have a
possible long trade not only because
due to the breakout and the retest but
also the directional bias will also change.
ASSUMPTION 2
Right at this moment as I am
righting this
there is a trend line breakout on the
daily
chart but that is not enough. If the price
goes 33083 we have to wait for the retracement
and go short for the zone I just mark
with a
specific entry reason.
thank you please leave me a comment
about your idea.
