BTCUSD Swing Analysis W/C 01/03/2021
Swing analysis for the upcoming week for Bitcoin, last week the chart hit ur TP3 from entry, looking to do the same this week in either direction.
The trend is still bullish based on the 200 EMA being below price and I expect Bitcoin to test the upside after Gold's plummet which looks set to continue, perhaps BTC is becoming the new safe heaven during the current pandemic and market volatility although the BTC began a correction last week.
Always trade with risk management, I will not go more than 20 pips in loss and If this happens I exit the trade and take the reversal to aim to collect my money back or re-evaluate and look for divergencies to confirm the bias I feel at the time.
The trend is still bullish based on the 200 EMA being below price and I expect Bitcoin to test the upside after Gold's plummet which looks set to continue, perhaps BTC is becoming the new safe heaven during the current pandemic and market volatility although the BTC began a correction last week.
Always trade with risk management, I will not go more than 20 pips in loss and If this happens I exit the trade and take the reversal to aim to collect my money back or re-evaluate and look for divergencies to confirm the bias I feel at the time.
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