The current scenarios that I'm waiting for are in front of you.
After my previous short-term trading idea, the price of BTC has started to slow down a bit but probably not for long. At the moment, we cannot do anything because the major resistance is just too close to make a buy from current prices and we don't have any confirmations to go short neither. So, we need to be patient, the hardest part of trading. It's fishing time - “There is time to go long, time to go short and time to go fishing.” — Jesse Lauriston Livermore ;)
For a bullish scenario, I will wait for a 4-hour candle close above the current all-time high and reacting after the retest of it. There might be also a good to buy it right after it has printed new ATH but it would be much riskier because it can easily leave us a wick and then we have a candle close back in the range, back below 41k and this baaaad.
For a bearish scenario, the price sitting just above two strong support areas, and there is also the trendline from the end of January which also can act as a support level. So, a candle close below the lower light-blue support area will be a bearish confirmation and react after the retest of it.
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Regards, I'll keep you posted, Vaido
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Had a chance to jump in after 1h retest, quick profit in and out :) but as said for bigger confirmation we need a 4h candle close so be patient! My SL is at
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