Hi, friends.
BTCUSD is in balance now. After sunday's false break down the price is going to the higher balance level (7200).
According to the it is better not to trade rules against false breakdown.
At this point, it is better to wait for more understandable conditions.
The price is in the middle of balance, so wait until the balance goes up or down.
BTCUSD is in balance now. After sunday's false break down the price is going to the higher balance level (7200).
According to the it is better not to trade rules against false breakdown.
At this point, it is better to wait for more understandable conditions.
The price is in the middle of balance, so wait until the balance goes up or down.
Note
The balance goes up, so momentum is bullish. Currently - only buy position. Cancel the scenario - if price will return back into the balance beyond the middle.
Trade recommendation:
Entry point: 7151
Stop loss: 6838
Target1: 7500
Target2: 7700
Trade closed: stop reached
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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.
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.