$BTC/USD bullish? Or will it fall again?
Bitcoin has been rising recently. Today's BTC is developing a "pull-up market" that gradually raises the low price. In these developments, there are no opportunities for shorts, and it is often the case that technical trends such as trend lines and horizon are difficult to work. Under these circumstances, shorts probably won't get to the unsightly line of $12,000. Therefore, in the short run, this rise is expected to continue to $12,000.
Will it break out of $12,000, or will it rebound and hit another downtrend? No one knows about this.
Rather than predicting and making gambling-like trades here, I would like to firmly establish both scenarios and strategies and wait for the game.
[Rising scenario]
Start entry while splitting at $12,000. The loss line is naturally $12,000. It is expected that a big shake will occur, so it is necessary to clarify the definition of the trend line omission in yourself. As for profitable points, I would like to aim for the latest high of $12,400.
[Descent scenario]
If it rebounds at $12,000, head and shoulders are conscious and it is expected to fall to around the neckline of $11,300. It is necessary to closely watch the market as new shorts may come in and profits from short-term long-term investors may lead to a rapid decline. Again, what kind of development will be judged as a repulsion, I will firmly decide my definition and wait for the time of the game.
It is important not only to set take profit and stop loss but also to consider the details of the lot size to be entered, the number of divisions, the cut losses method, etc. in the trading strategy.
Will it break out of $12,000, or will it rebound and hit another downtrend? No one knows about this.
Rather than predicting and making gambling-like trades here, I would like to firmly establish both scenarios and strategies and wait for the game.
[Rising scenario]
Start entry while splitting at $12,000. The loss line is naturally $12,000. It is expected that a big shake will occur, so it is necessary to clarify the definition of the trend line omission in yourself. As for profitable points, I would like to aim for the latest high of $12,400.
[Descent scenario]
If it rebounds at $12,000, head and shoulders are conscious and it is expected to fall to around the neckline of $11,300. It is necessary to closely watch the market as new shorts may come in and profits from short-term long-term investors may lead to a rapid decline. Again, what kind of development will be judged as a repulsion, I will firmly decide my definition and wait for the time of the game.
It is important not only to set take profit and stop loss but also to consider the details of the lot size to be entered, the number of divisions, the cut losses method, etc. in the trading strategy.
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