jonasthomasen

ADXBTC obvious and easy 8-11% swing trade setup

jonasthomasen Updated   
BINANCE:ADXBTC   AdEx / Bitcoin
Here we go. ADX is bouncing within the downtrend channel and is yet again to meet support which previously has acted as resistance. Should be very simple to comprehend the idea - feel free to ask any questions.

This should, as always, be traded with a stop loss. No one knows the market state when the trade is due, so is BTC still fluctuating and creating chaos then move your stoploss up as the price increases to reduce risk of loss in case the whales do their thing.
Comment:
ADX moved out of the channel but has fallen back in. This trade doesn't look like it's going to be active but i'll keep the possibility open for another two days.
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