Bulls has lost it's power and has become bears in order to take their profits.
A bearish trend is form but for a short period.
Take some pips and move on.
USDCHF has reach a major bottom and now bulls are expectec to take over the market at least for a while.
MA20 and MA50 start to compress what signs a change in the trend from the several past weeks.
So a long position in this pair maybe profitable enter point at 0.9548 with a stop-loss at 0.9480 (68pips) and TP at 0.9748 for a 200 pips profit. 200/68= 2.94...
Simple price action analysis. Bitcoin has gone to the bottom at 1852 and it's now trade at 2352. It has a nice up trend again and it's time for anyone to act and long bitcoin.
There is a boom in cryptocurrencies right now and bitcoin is the biggest one and is rissing again after some fundamentals change.
I highly recommend anyone to look into what is bitcoin...
