Will let the instrument cool off? Tomorrow is the CPI in the US!
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Congratulations to all who traded long, in the posts earlier I also stuck to the long scenario, worked up to the extra target of 22400, thought they would start reversing yet at 21800, but there was a strong buyer in my telegram channel I did not recommend Shorting the train. And so Bitcoin/Dollar instrument we have a bit overheated at 4H, and tomorrow we also have an important event waiting for us at 12:30 UTC, the consumer price index data will be presented, so the buyer can be cautious and partially unload his positions. LONG/SHORT Scenario.
LONG
For the long scenario on bitcoin we need to reach $23,000 on impulse and consolidate above 22502, then our local prices are 23700 and 25200 respectively.
SHORT (with a potential upside exit)
For the short scenario, the potential reversal zone for me is $21000, the extra target zone is $19500.
Short
If SP500 fails to sustain the level supports 3875 and fixes from below bitcoin tests 19500 we will fly to the breaks.
P.S.
In the analysis of the instrument I do not stick to the time frame, the reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, a couple more secrets, but you already have some ready-made material)))
Subscribe and get free trading strategy for Bitcoin and Etherium every day!
Congratulations to all who traded long, in the posts earlier I also stuck to the long scenario, worked up to the extra target of 22400, thought they would start reversing yet at 21800, but there was a strong buyer in my telegram channel I did not recommend Shorting the train. And so Bitcoin/Dollar instrument we have a bit overheated at 4H, and tomorrow we also have an important event waiting for us at 12:30 UTC, the consumer price index data will be presented, so the buyer can be cautious and partially unload his positions. LONG/SHORT Scenario.
LONG
For the long scenario on bitcoin we need to reach $23,000 on impulse and consolidate above 22502, then our local prices are 23700 and 25200 respectively.
SHORT (with a potential upside exit)
For the short scenario, the potential reversal zone for me is $21000, the extra target zone is $19500.
Short
If SP500 fails to sustain the level supports 3875 and fixes from below bitcoin tests 19500 we will fly to the breaks.
P.S.
In the analysis of the instrument I do not stick to the time frame, the reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, a couple more secrets, but you already have some ready-made material)))
