BTCUSD LOST SHORT-TERM BULLISH POTENTIAL
Bitcoin has been trading sideways since July 15th within a range of 116,000.00-120,000.00. Indicators show no signs of a new bullish/bearish trend.
How to trade sideways movements or range?
It is better to wait for a price to come close to one of the levels (support or resistance), then open buy/sell order. Or just pace a limit order and wait. Take-profit may be above/below the support/resistance levels with a stop-loss behind these levels (below for the support and above for the resistance).
So, the price decline towards 116,000.00 is expected, where potentially the price may rebound once again.
Bitcoin has been trading sideways since July 15th within a range of 116,000.00-120,000.00. Indicators show no signs of a new bullish/bearish trend.
How to trade sideways movements or range?
It is better to wait for a price to come close to one of the levels (support or resistance), then open buy/sell order. Or just pace a limit order and wait. Take-profit may be above/below the support/resistance levels with a stop-loss behind these levels (below for the support and above for the resistance).
So, the price decline towards 116,000.00 is expected, where potentially the price may rebound once again.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.