Bitcoin breakout +5% move ahead

11 сент. 2020 г.

Hello traders, hope everyone is having a fantastic day and profits off this trade idea.

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Having been trading in these markets for years i know that when they strategically place wicks

in certain spots its for a reason and based off the way the candles are being printed on the 4 hour chart i

have come up with the conclusion that 10464 will likely be our breakout point. I would highly recommend

you wait for a 4 hour or daily candle to close above that level prior to entering so that you can have a more

clear confirmation of direction for Bitcoin.

RESISTANCE LEVELS

1. 10387

2. 10460's

3. 10600's-10630's

4. 10770's

5. 11000


Once $11000 target is reached we could rally up to $11,300 though i would expect some type of pullback upon

reaching $11,000 which i will place a low leverage short position in case of epic dump.


VPVR has significant liquidity gap from around $10,464 all the way up to $11,200's and using tradinglite you can

see that there are large sell orders at $11,000.


Thanks, LiquidMEX