Bitcoin trades - How to trade BTC now?

12 Sep 2022

As weak as Bitcoin looked just a few days ago, it now hints at a powerful wave of growth.

Bitcoin's dominance began to grow rapidly.

instead, the dominance of USDT hints at a reversal of the global trend from November 2021 for the first time


All this indicates a high probability of a global reversal of the cryptocurrency market.

Although most are set on a continuation of the decline, we are looking for long positions.

Given the fact that Bitcoin's rally may continue without a deep correction, we have highlighted two trades for ourselves.

The short-term trade is based on a local correction in the $21500-21700 range. This range was broken by buyers with great effort. Holding this range on the 4-hour timeframe would mean that the current uptrend continues. The first BTC target is 26400.


In the case of an error and the start of a deep correction, the stop order for such a trade is approximately 2%.

A deep correction will give an opportunity to buy bitcoin in the range of $20,000-20,500. It is from this range that the local growth wave can continue with a target of $30,000. Why do we allow a deep correction scenario? Note that the price of BTCUSDT on the 12-hour timeframe is trying to consolidate above the trend line that was once under the control of the buyers:



Therefore, in the case of continued inhibition of the price near the trend line, the risk of a deep correction will increase.