Key resistance and support levels to watch.
5:1 Risk ratio
New entries look for a breakout past current resistance for confirmation,
or a pull back for retest of trend line.
As usual observe bitcoin, stocks and dollar index for a macro view that will change the overall trend.
Happy Trading.
5:1 Risk ratio
New entries look for a breakout past current resistance for confirmation,
or a pull back for retest of trend line.
As usual observe bitcoin, stocks and dollar index for a macro view that will change the overall trend.
Happy Trading.
Note
bearish levels to look for if resistance holdsNote
Starting to break the trend line downwards, still in a consolidation indecision zone. A lot depends on how btc.d and the stock market* moves *if still correlated, news of europe hinting at negative interest rates puts bitcoin in bullish territory imo.)
Order cancelled
Btc dumps and along go the alts. Price settling at old support line.
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.
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.