Decision to sell BTCUSD based on analysis :
- Break out parabola line > In the past in 2013 and 2018, the price of BTC after break out parabola then going down is a strong drop. According to statistics each time, the price of BTC will lose about 84% of the value of the highest price set nearby. If anyone needs data about the above information, please comment below
- On the D1 time frame, the price of the BTC is going to the resistance of a downtrend so the selling will bring good advantage. And 11000 is also a strong resistance zone
- On the W1 time frame, MACD cross down
ENTRY: 10900 - 11050
STOPLOSSS: 11500
TAKE PROFIT: 9100 - 8300
- Break out parabola line > In the past in 2013 and 2018, the price of BTC after break out parabola then going down is a strong drop. According to statistics each time, the price of BTC will lose about 84% of the value of the highest price set nearby. If anyone needs data about the above information, please comment below
- On the D1 time frame, the price of the BTC is going to the resistance of a downtrend so the selling will bring good advantage. And 11000 is also a strong resistance zone
- On the W1 time frame, MACD cross down
ENTRY: 10900 - 11050
STOPLOSSS: 11500
TAKE PROFIT: 9100 - 8300
Trade active:
SHORT BTC
if the candle on D1 is closed 10600 stoploss
if the candle on D1 is closed 10600 stoploss