Bitcoin is just a short time from touching a very important supply zone, after the incredible decline due to Covid-19.
My Arguments to believe that it will fall again:
Regrowth of Coronavirus.
Crisis in the United States of America.
If Donald Trump wins the elections, I discard the idea that he falls into that area and I firmly believe that he will go directly to...
We can clearly see a Drop-Base-Rally zone.
This zone is complemented by the fact that it has broken a superior Offer zone, which adds to its probabilities to be a MM zone.
Patience! :)
We have a bearish channel in CHFJPY, this was generated by the supply area recently reached, the big players in the market are accumulating orders to finally bring the price down.
One of the most aggressive options is to buy when the triangle breaks, another would be to wait for the retest in support after the breakout. For a more conservative option, sell when...
This area has been formed by the Breakout of our trend Micro-Line. As additional confirmation that it is an excellent area we see that there is a breakout from our previous area formed by the breakout from our other trend line.
It only remains to wait and relax. Remember that even the best trade with the most probabilities can be lost.
Patience! :)
