Hi guys!!
My view is simple. After a break in a previous trend indicated in purple, we made a lower low, which I had posted an idea about, but couldn't trade. So now we are looking for a further drop. So, we're looking for a possiblea break in the yellow trend (and a consequent ma20 brake) to start the operation. MACD is currently showing a sell exhaustion, which is normal btw. I expect this "weak buy force" ends at ~3928 because it's a 61,8% retracement of the previous impulse, altough we can see even a 78,6% retrace too, so be carefull! Always wait the signal to enter by a confirmation on volume or your indicators.
Entry point: 3890
Leverage: 10x
Stop-loss: 3930
Targets: 3860, 3820, +++...
Feel free to comment! Hope you enjoy!
My view is simple. After a break in a previous trend indicated in purple, we made a lower low, which I had posted an idea about, but couldn't trade. So now we are looking for a further drop. So, we're looking for a possiblea break in the yellow trend (and a consequent ma20 brake) to start the operation. MACD is currently showing a sell exhaustion, which is normal btw. I expect this "weak buy force" ends at ~3928 because it's a 61,8% retracement of the previous impulse, altough we can see even a 78,6% retrace too, so be carefull! Always wait the signal to enter by a confirmation on volume or your indicators.
Entry point: 3890
Leverage: 10x
Stop-loss: 3930
Targets: 3860, 3820, +++...
Feel free to comment! Hope you enjoy!
Comment:
Hey guys, unfortunately things don't move as expected. In 4H chart I didn't noticed that price held in ma200 area even after the drop to 3860, so it formed a good support for a bounce in this level, which is giving the oppportunity to BTC test the purple trend again. So I'll be watching todays price and make a new idea soon. Hope you liked!!
