empty
 
 
11.03.2022 07:44 AM
Trading plan for Bitcoin for March 11, 2022

This image is no longer relevant

Technical outlook:

Bitcoin continues to drift sideways within the range between $35,000 and $45,000 levels respectively. The crypto is either consolidating within a bearish triangle or preparing to complete its counter trend rally towards $48,000-50,000 mark going forward. Bottomline remains the $33,000 interim lows and prices should remain higher to ensure further bullishness.

Bitcoin has dropped yet again to potential support zone around $38,500 on Friday and a bullish bounce can be expected here. If prices are able to hold above $34,500 levels, bulls would remain inclined to push through $50,000 mark in the next few trading sessions. A break above $46,000 will confirm the same.

Bitcoin is working on the downswing between $69,000 and $33,000 levels. The Fibonacci 0.618 retracement of the above drop is also seen around $55,000 mark. Hence probability remains high for a bearish turn if prices manage to reach there. Any push above the $61,000 mark will open doors to test $69,000 mark going forward.

Trading plan:

Potential rally through $50,000 against $33,000

Good luck!

Summary
Urgency
Analytic
Oscar Ton
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback