www.macroaxis.com small AI tech company is blowing through borrowed cash. posting net losses $25-$45 million each quarter. won't be long before they cut the lights out.
This is were 'false' indications will trip up most traders. Technical indicators suggest that price will go down. Watch the price action.
Nothing to stop BTC from dropping. $3200 & then to $1200.
Still time to make another 30pips before week ends.
stop loss is tight. upside is high. I am speculating a pull back in the end of the week. It could run down to 1.18, but that's why it's called speculation!
Look for this short term trade to hit it's pivot level. I find that in the shorter time frames. 15 minute to 1 hour. that the pivot levels are better respected. Depends on your own strategy. food for thought.
Watching "price action" is often times the easiest way to determine what will happen in the short term. Which 99.9% of traders are interested in. We want immediate results. Look for pin-bars & engulfing periods. Ask yourself is this going to be an up day or a down day? Is this going to be an up DAY or a down DAY. and then time your trades on smaller time...
USD has been on a rally this week. Looking for a small correction move right here.