BTCUSD. Tinny uptrend, Target R1,R2. Intraday Strategy PPHello traders, BTCUSD is having a tinny uptrend, it might bounce without breaking the channel trend line, the same with the resistances. You should be alert for possible retracement until the pivot point.
Pls Remember, Keep checking the trend, go with the trend, controlling that the market doesn't reject the prices and doesn't break the trendline. BTCUSD is still bearish.
Don't fight with the market...
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume , Pivot points Levels. Intraday Strategy.
R3 42,042.32
R2 40,455.15
R1 39,853.13
PP 38,867.98
S1 38,265.96
S2 37,280.81
S3 35,693.64
Ris
BTCUSD, Uptrend, Target R1,R2Hello traders, the price bouncing on the MA200, the price is over the pivot point, it might go up until R1 or R2. Pls, remember to check the trend. The prices could retrace until the inmediatly last band, bouncing, and then continue the trend. If the price breaks down the pivot point we will go in short. (downtrend)
Indicators MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume, Pivot points Levels. Intraday Strategy. 1-hour frame.
R3 44,541.71
R2 42,146.65
R1 41,292.93
PP 39,751.59
S1 38,897.87
S2 37,356.53
S3 34,961.47
Trading inside a consolidation! 😒Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89.
To the side it breaks, we’ll see a good movement next.
If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet!
The problem is the RSI. We have a small divergence, and it is overbought. This makes me more comfortable with the idea of a downwards breakout to the 20ma. Then the RSI will cool down, and the risk-reward ratio will increase too.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.