The overall picture of BTC looks shaky and we may see unbelievable low levels in the long-term. One has to thread carefully trading it. USA is looking into introducing digital currency as well. This could change the ball game for privately traded crypto is my personal view.
From a trading perspective, the strategy may look the following:
short-term SELL $ 40,000-41.500 and place stop-loss above $ 43,000. Profit order somewhere $ 34,500
Medium-term BUY $ 35,500-36,500 with a stop-loss 33,500 for now. Profit order somewhere $ 46,000 . The weekly chart is positive.
Long-term SELL $ 40,000-$ 45,000 and place stop-loss $ 54,500. Profit order $ 15,500 for now.
From a trading perspective, the strategy may look the following:
short-term SELL $ 40,000-41.500 and place stop-loss above $ 43,000. Profit order somewhere $ 34,500
Medium-term BUY $ 35,500-36,500 with a stop-loss 33,500 for now. Profit order somewhere $ 46,000 . The weekly chart is positive.
Long-term SELL $ 40,000-$ 45,000 and place stop-loss $ 54,500. Profit order $ 15,500 for now.
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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.