#BTCTrade
BTC Scalping Opportunity
Short-term BTC trade today in the $102, 600–$103, 100 range. I entered the trade after finding substantial volume support near the 25-period MA ($102, 633) n combination of bullish price action holding above $100, 596 (24h low) and looking for a quick profit as BTC is showing strong potential to go above $104, 000+.
I left as price action started losing steam after hitting $104, 361. 30 (24h high). As seen on the 1 hour chart, there was a growing amount of selling pressure and I wanted to lock in some gains before a reversal.
This was as simple as a scalp in a short timeframe and not a long hold. Given the current high volatility and the strong resistance level near $104, 000 I wanted to make quick positions and exits. Bitcoin as a whole is still bullish but I prefer to take it slow if there are technical signals.
How did your BTC trade go today?
