Tomorrow the trading of bitcoin couples will begin on CME futures markets. Therefore, shorter-term intra-day trading can be done with the cryptopar. Now I'm analyzing an M15 trading. I expect the exchange rate to rise in a day. The target price is 16200. I was planning to trade close to 2.9 RR (risk-reward).
Bull trend is still in place so far so the best probability remains to buy every retracement to follow the flow. Always calculate the cost of the stop to properly size your trade (cost should not exceed 5/6% of your account) Feel free to ask if you need more details about my trading tools and ideas. This graph and comments can be updated during the european ...
Price has tested ATH area. This is an area of resistance, and I fuly expect a reaction at these prices. Due to RR, I will favour a move to the downside, but will be cautious with entry in order to not get caught out with a break out. *Weekly chart used for illustration only NOT entries Supporintg criteria: RSI overbought ADX approaching overbought levels
Price has risen to test a very strong area of resistance. On the Daily chart a breakout looks imminent, but I favour a move to the short-side There is great RR, esp if price tags the 0.77406 highs I will wait for a bearish daily close at these prices before looking to short There is not much indicator-based support to this idea, hence my cautious approach.