ExelTrading

ExelTrading

The UK has not been initially very successful in handling the Covid-19, although recovery is imminent and the government is trying it's absolute best to fight and recover from the great losses. There should be a minor retrace but long term it should be recovering and upward movement is incoming. Do not sell at these levels, rather wait for a better entry or buy...

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The German Government has probably been the best country in the world to handle the Covid-19, hence the strong rebound. It may retrace lower for a correction, but longterm it should recover strongly, try not to short this as it is very dangerous to sell at the moment. Upward movements incoming.

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From here ($200 levels) is one of the higher tops, there will be a retrace back to $140 levels, be careful with any margin positions going long, you should not be focusing on the higher numbers with big leverage, you will be wiped out. This is a selling level. Do not enter any buying position at the moment, there will be far better entry 30-40% lower.

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Do not buy here, it is very close to one of the strong resistance lines where it should start dropping, next level is 1.18 at least, before going further up. If you are insisting on trading at this time, you should sell it and not buy. Going down from 1.25 levels to 1.18.

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Bitcoin prices will be dropping huge. Better be careful with longs here. The buying opportunities are not there. If you buy here then you have made a bad deal, this is a selling point, prices will sink and you should be careful. Next level will be below $6000 and that will come quickly. Prices may even drop to below $4000, there will be immense wipe outs...

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Within the eclipse and trend line, are the profits. Try to catch the tops and bottoms. Anything above 1700+ is a good entry to sell for taking profits around 1660, prices may even sink lower towards low 1500s

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The Lion Waits: The best way to trade is to never make hasty movements, just wait for your turn to become the master of the opportunity. You don't want to trade the middle levels where it is very dangerous. Catch the top and bottom. There will always be a chance for you to trade if you enter at the correct price, but if you don't, you will get wiped out!

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Levels are on 8.4, 10.6 and 11.9 short term down and 12.5, 13.7 and 18 short term up

ExelTrading

If you wish to be a successful trader, you need to wait.... and wait... and wait... Do not make any hasty decisions especially at these prices. Most likely scenario is that we will see huge drops but wipe outs will be done both ways, longs and shorts should be cautious.