BTC/USD - Trading Plan
Updated
BTC appears to be under converging moving average resistance and is rolling over quite cleanly. Looks like price could go to the downside before going to the upside. Price appears to be falling down, and had the converging moving average resistance hold it's own, then price will go down to the horizontal support zone between 6070 and 5790 before then bouncing back to the upside. Had price just go up from here, it's move likely to hit the side-wards resistance and go to the downside... If however we get the horizontal support retest first, there's a higher chance that price will actually break the side-wards resistance, and make a move towards resistance.
There is also of course a probability we go below the horizontal support zone, and had this happen, a new idea would be produced. For now I'm only looking at what's in front of me, and that is up.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
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There is also of course a probability we go below the horizontal support zone, and had this happen, a new idea would be produced. For now I'm only looking at what's in front of me, and that is up.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I never ask anything from my supporters, but I do have a small favour to ask of you guys... If you see comments in the comments section that are trolling/insulting to me, or any other person who's contributing to the comments section, then please Flag/Report their comments right away so we can get rid of people that aren't contributing to this site in a good way. Let's work together to make this site a better place for everybody. :-)
Please leave a LIKE and FOLLOW. I'd really appreciate it.
Thank you for your support.
Note
Bitcoin is having a quiet day and price isn't moving a whole lot at all. Seems we'll have to wait a little longer for price to make a decison.With ETH showing weakness, it does suggest a possible downside bias.
Please leave a LIKE. I'd really appreciate it. :-)
Note
Still waiting at present :-)Can see a potential intraday opportunity incoming shortly where could make some quick profits!
Had this idea get sufficient attention I'll post it :-)
Please leave a LIKE. I'd highly appreciate it. :-)
Thank you for your support.
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