Bitcoin is trying to recover but bears can wait

  • Dec 10 2021
  • by
  • Analyst AZA
Bitcoin is trying to recover but bears can wait

Bitcoin is trying to recover but bears can wait

The sharp drop in the Bitcoin exchange rate could not end without consequences. The bulls are still trying to fix the situation, but their attempts are getting weaker. The price was not able to return even half of the lost positions. Such strong trends do not reverse immediately. The price can still move downward by inertia for some time. We will enter a short position if the price breaks down the flat support level of 47000. We placed a Take Profit order with a target of 200000 pips at the next flat level 45000.

Symbol: BTCUSD
Order Type: Pending Order - Sell Stop
Entry Price at 47000.00
Take Profit at 45000.00
Pips Earning: 200000

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1260
USDJPY buy at the price of 114.00
GBPUSD sell at the price of 1.3160
USDCHF buy at the price of 0.9265

Cryptocurrency trading recommendation
The profit can be $2000.00 if the trading volume of 1 Contract.


imgaza youtube

Profitable trading recommendations, forex analytics for beginners traders

Subscribe our channel

top authors

Fundamental analyst

Stan Zabar
Fundamental analyst

Head of Analysis Department

Michael Wallenberg
Head of Analysis Department

Economic Observer

Alan Dofine
Economic Observer

Call US Feedback
en de nl fr pt es it uk zh ko ja ar ru pl tr