Entry 7050 Stop loss 6400 Profit level: 7900 Reasons: price found support around 7k volume is bullish rsi and macd bullish divergence Explanation for the trade: If the price moves up we want to catch the move, btc seems unstable and MM is making the market very hard to trade but if he doesnt want to kill the market for another 2 years he better put some doe in...
This is my plan/bias for trading this week I always do this to get some minor bias, so I can look for set ups Looking at current conditions, I will take profits (if being right ofcourse) at my initial profit level of 7900 Yellow frame is a sort of guide line for me to start hedging and accessing future possibilities of possible trend reversal Red frame is where I...
If price breaks 7050 level for at least 15min the trade is active. Reasons: bullish volume, rsi and macd bullish divergence, POC well above our swing high stop 6350,profit level 8000 We established good support at around 7k, so if the price wants to go higher we naturally want to be in that move up.