Last week has been an awful week for BTC. Straight conservative day of the downtrend movement but today they have a slight pullback going to be formed.
Previous CS Daily have formed bullish engulfing at a support level, however, TFM15 showed a reversal pattern to test the daily engulf level.
OVERALL BIGGER TF STILL SHOWED UPWARD MOVEMENT AT THIS SETUP ONLY FOR SCALPING WHEREBY I'M LOOKING AT THE CORRELATION FOR DXY TO KEEP BULLISH MOVEMENT TODAY.
IF THE PRICE RESPECT LEVEL 21000, I WILL CONTINUE BIAS LONG FOR BTC IN THE LONG RUN
THE RISK REWARD RATIO FOR THIS SETUP IS 1:2
Previous CS Daily have formed bullish engulfing at a support level, however, TFM15 showed a reversal pattern to test the daily engulf level.
OVERALL BIGGER TF STILL SHOWED UPWARD MOVEMENT AT THIS SETUP ONLY FOR SCALPING WHEREBY I'M LOOKING AT THE CORRELATION FOR DXY TO KEEP BULLISH MOVEMENT TODAY.
IF THE PRICE RESPECT LEVEL 21000, I WILL CONTINUE BIAS LONG FOR BTC IN THE LONG RUN
THE RISK REWARD RATIO FOR THIS SETUP IS 1:2