BTC has been rejected once again at the top of its current 9-day consolidation range. Since we're still technically in a macro downtrend (lower highs and lower lows ), we're looking for short setups. Temporary support has been found at the middle of our range and 4-hr reversal zone. We're not looking to take a long back up to the top of the range as the R/R is...
BITFINEX:BCHBTC technicals and price level providing a great R/R setup for a long. Note, it's import to remember we're in a strong downtrend and we're knife catching with these long plays. Although the trade below has a high R/R setup, I'm entering with a smaller position size than I would normally with this type of setup. Trade: - Entry: 0.10978 - Target:...