Bitcoin / TetherUS

Bitcoin Bounce region

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I only managed to get 1 of my 3 orders triggered with the last drop. Now, this is what I see happening.

BTC has two ways from here for a bounce trade. The white path on the chart shows a chance of consolidating in the bounce region before seeing 45k - 46k.

The green path on the chart takes BTC from the low made to 45k - 46K regions. This is where I plan to close my 1 position that got triggered. I won't be buying more unless white path occurs with a stop-loss below 37k.

Don't forget, this is only a potential bounce trade I am taking. If Bitcoin breaks below 37k, the white bounce zone on the chart is the next stop.

R₿FTrader

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