BTC struggled to break 48k as expected , TA wise,

Question

BTC struggled to break 48k as expected , TA wise,

BTC has a strong support at around 42k while the last support is 38k (the inverted head and shoulder area ).

Two things makes this momentum still bullish ;

1. BTC trades above 100MA

2. BTC trading above 42k strong support

However Newyork open could make it more bullish or bearish (in short term)

How do I play this game ?

I long at anything close to 44k -42k

My stop is daily close below 41500

Option 2 :

I maintain my short position on BTC hoping to grind it to 44-42k

Using daily close above 48500 as stoploss!

One thing in BTC trading is this , whichever way you follow, if you do it professionally you will also have your share of the cake.

#cryptocurrency #english #wazirx

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11.04.2022

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11.04.2022

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BTC struggled to break 48k as expected , TA wise,

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