Posts

BTC

avatar of @wilkinshui
25
@wilkinshui
·
0 views
·
1 min read

BTC is currently on consolidation where the price spike up to 9500 level and consolidation in a rather short trading range and volume is decreasing.

One strategy where one can employ is to buy on the break out of the consolidation zone (i.e. around 9500 level) and set the stop in the low of the trading range 8500. This is already 1000 points swing, but considering the nature of BTC, this is acceptable range. So one should at least do a 2R trade on this one and the profit target is around 11500.

Let see if BTC really break out or not.

Stay safe and healthy~