1 HOUR Cryptomarket heavily oversold together with most stocks / indices etc.
4 HOUR Price action slowed down and consolidated pumping buyers before dumping them ;)
DAILY Market will take another push to the downside forming new lows since too many people jumped on long positions now, greed will kill them with another -35% drop in value. Watch out crypto halving in May might push prices back to the upside or even faster, still a big fan of blockchain technology and looking for all time highs end of this or next Year!
-
CRYPTO SETUP SELL BTCUSD ENTRY LEVEL @ 5434 $ SL @ 6006 $ TP @ 3500 $ RR: 3.0+ Use 0.5% risk! (Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
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.