Bitcoin – Bull or bear? Short to mid-term trade idea

Bitcoin all time history index INDEX:BTCUSD

tradermoth

Keep it plain, simple and minimize the noise!

Currently on the chart we see Bitcoin retesting the previous broadening wedge .

If a bullish retest confirms, we will be placing longs and taking profit between the 43k & 44k area.

Failing to hold here will result in a loss of support, which then we will be watching for a bearish retest confirmation to place shorts and take profit around the 36k area.

With any trade, ALWAYS be patient wait for confirmations to avoid any fake-outs.

Major resistance around $45550 and Major support around $34000, keep this in mind.

Comment your ideas down below 🙂

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