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Good afternoon, yesterday there was a bitcoin dump in peak -10 percent. Bitcoin looks short, and on CME we made another local break and n trading on the monthly chart below 50 MA, and for conservative traders this is a signal to short. So let's consider the following variants
Long
To go long, bitcoin needs to fix above 19200 dollars, the first target after the fixing above 19200 will be 19700 if we break through and fix above 20050, there is a chance to go to 22400 and 24000.
Short
Anything below 19200 looks short with targets of 18500 17700 and below.
Be patient have a clear stop order and trade hypothesis)
P.S
I do not stick to the time frame in the analysis of the instrument, the reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well, a couple more secrets, but you already have some ready-made material)))
Translated with www.DeepL.com/Translator (free version)
Good afternoon, yesterday there was a bitcoin dump in peak -10 percent. Bitcoin looks short, and on CME we made another local break and n trading on the monthly chart below 50 MA, and for conservative traders this is a signal to short. So let's consider the following variants
Long
To go long, bitcoin needs to fix above 19200 dollars, the first target after the fixing above 19200 will be 19700 if we break through and fix above 20050, there is a chance to go to 22400 and 24000.
Short
Anything below 19200 looks short with targets of 18500 17700 and below.
Be patient have a clear stop order and trade hypothesis)
P.S
I do not stick to the time frame in the analysis of the instrument, the reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well, a couple more secrets, but you already have some ready-made material)))
Translated with www.DeepL.com/Translator (free version)
