BTC may have a tiny dip before Next rally

Hey all,
I am back with another chart. BITCOIN sounds so strong at the moment, I am Very bullish with bitcoin and expecting it in 10ks however I am also expecting a tiny dip here which could take us back to 8700-9000s range before another rally.

So my trade advise :

For Day Traders and Quick Scalpers:

Short around 9360-9300
Target : 8800 - 8900 -9100
StopLoss : 9420(very tight)

Peace,
Budha

Comentário:

We hit 9165 from 9479 and back to 9400s. So I expect 2 scenarios here:
1) It can pump very little like 9450- 9540s and fail to 8900-9000
2) It can pump till 9700 and high without any dip.

Comentário:

Weekly little Bearish

Daily Bullish with very less momentum

So I am favoring 1st scenario in the above comment. I personally not trading this dip as you can see in the previous comment, 2 wicks and both stop and target are met, thus trading tiny targets yields to bad results than profits. However I still set my targets for the 1st scenario as I am favoring it :

TRADE : SHORT around 9450 -9540
TARGET : 9000-9100 (8900 can be expected too)
STOPLOSS : 9590 ( I know again very tight stop but this is the best way for tiny movements on counter trend)

Comentário:

As I mentioned in the above comments, it failed to pump above 9540s, now we shall wait and see for my scenario 1 target.

Comentário:

We had a retrace till 9221 from 9568 which is great to have and I am long from here. Expected Target is more than 9700 for now.It can dip a very little here but I believe holding shorts here is not safe so be patient and stay away from shorts. See you all soon with new update enjoy

Comentário:

good to see that We hit 9350 from 9221. It is a very good sign

Trade fechado: objetivo atingido:

Good to see that we had hit 9463, and for those days traders who longed since 9220s this profit can be appreciated. I am closing this post as the idea of this post was to pinpoint that tiny dip which actually happened. Just to note I am Neutral with no long or short as I have problem here to realize which way it is going and I may take 2-3days rest as I seriously follow rest protocol in order to keep myself away from Over trading. I will be back with new chart soon. All the best and have peaceful trading.

Budha.

Comentário:

Published a new chart and will provide updates there