Hello, I am Tommy.
I am using a Naked-Chart! It's very easy to follow.
BTC is moving between MA21 and MA50 (of Timeframe Day). The price is currently at a slight support area ~ 19,5xx
In my experience, when the price enters this area (between the MA21 and MA50) from below both lines, and not for the first time, there is a high probability that the price will touch and tend to break out of the MA50.
> Our first target will be at the MA50 for a long position.
> Entry at 19,500
> STL: 19,100 (Day candle closes below MA21)
Happy trading!
I am using a Naked-Chart! It's very easy to follow.
BTC is moving between MA21 and MA50 (of Timeframe Day). The price is currently at a slight support area ~ 19,5xx
In my experience, when the price enters this area (between the MA21 and MA50) from below both lines, and not for the first time, there is a high probability that the price will touch and tend to break out of the MA50.
> Our first target will be at the MA50 for a long position.
> Entry at 19,500
> STL: 19,100 (Day candle closes below MA21)
Happy trading!
Trade closed: stop reached
Trading closed due to BTC going has been quite annoying in recent days. The trend is not clearly shown because the price line crosses the MA lines.
There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
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.
There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.
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.