Hello traders, hope everyone is having a fantastic day and profits off this trade idea.
If you find VALUE out of this content please LIKE and FOLLOW. Thanks!
Having been trading in these markets for years i know that when they strategically place wicks
in certain spots its for a reason and based off the way the candles are being printed on the 4 hour chart i
have come up with the conclusion that 10464 will likely be our breakout point. I would highly recommend
you wait for a 4 hour or daily candle to close above that level prior to entering so that you can have a more
clear confirmation of direction for Bitcoin.
RESISTANCE LEVELS
1. 10387
2. 10460's
3. 10600's-10630's
4. 10770's
5. 11000
Once $11000 target is reached we could rally up to $11,300 though i would expect some type of pullback upon
reaching $11,000 which i will place a low leverage short position in case of epic dump.
VPVR has significant liquidity gap from around $10,464 all the way up to $11,200's and using tradinglite you can
see that there are large sell orders at $11,000.
Thanks, LiquidMEX
If you find VALUE out of this content please LIKE and FOLLOW. Thanks!
Having been trading in these markets for years i know that when they strategically place wicks
in certain spots its for a reason and based off the way the candles are being printed on the 4 hour chart i
have come up with the conclusion that 10464 will likely be our breakout point. I would highly recommend
you wait for a 4 hour or daily candle to close above that level prior to entering so that you can have a more
clear confirmation of direction for Bitcoin.
RESISTANCE LEVELS
1. 10387
2. 10460's
3. 10600's-10630's
4. 10770's
5. 11000
Once $11000 target is reached we could rally up to $11,300 though i would expect some type of pullback upon
reaching $11,000 which i will place a low leverage short position in case of epic dump.
VPVR has significant liquidity gap from around $10,464 all the way up to $11,200's and using tradinglite you can
see that there are large sell orders at $11,000.
Thanks, LiquidMEX
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.