How To Trade The Range With Bitcoin

BITSTAMP:BTCUSD   Bitcoin / Dollar
Hello friends,
the price of Bitcoin ( BTCUSD ) is recently making lower highs and we might see a bigger correction incoming.
Please use the highlighted Demand & Supply Zone as well as the Key Level & Support for possible exits or entries.
While the price is moving in a range, we have to keep one simple rule in mind
Don't take long positions if the price is above the Key Zone of the Range
Don't take short positions if the price is below the Key Zone of the Range
Everything else will mess up your Risk/Reward ratio. And as always - i want you to be careful with your money :-)

We can see retracements during an uptrend (use resistance lines) as well as during a downtrend (use support lines).
Drawing lines can improve your exits and entries massively.

We might see the price moving towards our Demand Zone within the next hours and days.
If the buyers are exhausted at this point, the price will move further towards our next support zone .
Please make sure to place your buy orders beforehand, so you can catch a (likely) bounce scenario.

Let me know what you think about this idea!

Kommentar: The price bounced of the resistance line and is moving towards the Demand Zone at ~$30.000.
It's likely that we see another drop after some sort of consolidation or pullback to yesterday's low
Trade geschlossen: Ziel wurde erreicht

🔥 Get a Mystery Box (up to $100 Reward) on by joining through this link:

▪️ One of the biggest crypto exchanges
▪️ Up to 125x Leverage
▪️ Plenty of trading opportunities

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.