BTC:
Long: If there’s no acceleration, take a short-term long near 80788. Take profit on a rebound at 81725/81925 and 82450; stop loss at 80650. Below 80500, you can continue taking short-term longs in the 80300–79855 area. Use the same take-profit levels as above; stop loss at 79600.
Strong support: 78750. Add to longs at 79155–78855; if price doesn’t reach this zone, do nothing.
For a more conservative approach: You can scale into positions on dips throughout the 81155–78855 range, using the levels above. There are many pending buy orders in this area, and price could easily reach the 82000–83300 range. As long as you don’t take an oversized position, profits are likely.
Short: Short at 82395/82450; take profit at 81155/80855; stop loss at 82556.
Short at 83300; take profit at 82455–82086. Stop loss at 83456. If price breaks through, switch to long.
Long: If there’s no acceleration, take a short-term long near 80788. Take profit on a rebound at 81725/81925 and 82450; stop loss at 80650. Below 80500, you can continue taking short-term longs in the 80300–79855 area. Use the same take-profit levels as above; stop loss at 79600.
Strong support: 78750. Add to longs at 79155–78855; if price doesn’t reach this zone, do nothing.
For a more conservative approach: You can scale into positions on dips throughout the 81155–78855 range, using the levels above. There are many pending buy orders in this area, and price could easily reach the 82000–83300 range. As long as you don’t take an oversized position, profits are likely.
Short: Short at 82395/82450; take profit at 81155/80855; stop loss at 82556.
Short at 83300; take profit at 82455–82086. Stop loss at 83456. If price breaks through, switch to long.