Hello Trader,
this is our first trading idea🔥🔥. In the coming days , weeks and months we will try to provide helpful ideas and valuable content.
Please note that the ideas are not a call to action. We only present our personal opinion.
What you do with them is up to you.
Bitcoin Analysis
Let's start with some important facts.
Trend: here we have a clear uptrend on a daily basis with rising highs and rising lows. The last prominent high is at about $31,700, which is also a resistance zone
Support: On the one hand, the trend line on a daily basis serves as support. In addition, the last prominent low at $25,000 is an important support.
Moving Average (EMA200): The price is trading above the EMA200, which tends to speak for the bulls
Trading case
Possibility 1 would be a pullback to the trendline. Here we would wait for a Long Reversal
Possibility 2 a break through the resistance. Here would be our preferred long entry. If the resistance breaks we expect strong long movement.
Scenario to cancel the trade
If the trend line is broken sustainably downwards (strong short movement), however, this would cloud the chart picture. Then we would switch to "flat"
We wish you good luck with your trading and hope you had fun reading the analysis!
Team tegasFX
this is our first trading idea🔥🔥. In the coming days , weeks and months we will try to provide helpful ideas and valuable content.
Please note that the ideas are not a call to action. We only present our personal opinion.
What you do with them is up to you.
Bitcoin Analysis
Let's start with some important facts.
Trend: here we have a clear uptrend on a daily basis with rising highs and rising lows. The last prominent high is at about $31,700, which is also a resistance zone
Support: On the one hand, the trend line on a daily basis serves as support. In addition, the last prominent low at $25,000 is an important support.
Moving Average (EMA200): The price is trading above the EMA200, which tends to speak for the bulls
Trading case
Possibility 1 would be a pullback to the trendline. Here we would wait for a Long Reversal
Possibility 2 a break through the resistance. Here would be our preferred long entry. If the resistance breaks we expect strong long movement.
Scenario to cancel the trade
If the trend line is broken sustainably downwards (strong short movement), however, this would cloud the chart picture. Then we would switch to "flat"
We wish you good luck with your trading and hope you had fun reading the analysis!
Team tegasFX
📈True ECN STP Broker
🌐 www.tegasfx.com/
🌐 www.tegasfx.com/
