FX CHART OF THE DAY: BTCUSD BREAKDOWN RISK
BTCUSD is trading below 1st standard deviation from weekly (120-h) mean at 257.5 amid downward slope of the mean.
Price has probability to fall further down, if it stays below the 1st standard deviation.
Traders can pick shorts close to the level (257.5) and stop at the weekly mean (262.3).
Breakdown below recent lows will confirm the trade (254.0)
Price has probability to fall further down, if it stays below the 1st standard deviation.
Traders can pick shorts close to the level (257.5) and stop at the weekly mean (262.3).
Breakdown below recent lows will confirm the trade (254.0)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.