Bitcoin: trade on the breakout

Bitcoin: trade on the breakout

Trade ideas

BUY 3550; TP 3700; SL 3500

SELL 3400; TP1 3280; TP2 3150; SL 3450

Bitcoin is consolidating within a symmetric triangle. A boost in volatility is about to take place.

BTC/USD is oversold on large timeframes. However, it still has scope to visit the 200-week MA at 3100. We propose pending orders on the break of the triangle. The highs of this week and the lows of the last week will be the respective targets.

BTCUSDH4.png

Similar

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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