Too often we saw BTC either going up up up or down down down but, I believe, that the more participants will join the instrument the more it becomes stable.
Markets range the 70% of times and that could be the case for BTC too.
IF we are going to see a push up from the current level keep in mind this possibility and trade accordingly with your risk management...
Too often we saw BC either going up up up
or down down down but, I believe, that the
more participants will join the instrument the
more it becomes stable.
Markets range the 70% of times and that
could be the case for BTC too.
IF we are going to see a push up from the
current level keep in mind this possibility
and trade accordingly with your risk
management and...
Long idea on Tesla , with a trade possibility away from a midpoint (50% fib retracement) + trendline confluence.
A bearish move would result in a little drawdown if it closes below the midpoint support.
Targets for longs are at tops with the possibility of hold over if fundmentals turn positive.
A close below the upper blue trend line could be a good short first to 0.0700 then around 0.0500.
However, if it doesn't, we'll stay up with a possible good break up.
A close below 0.0500 would be a bearish "setup" to me, lower and lower volumes approaching resistance tell me that there isn't a strong interest in breaking above (lack of money/partecipants?)
My 2...
I'm not trading COINBASE:BTCUSD or cryptos actively but "a chart is a chart" as my my master (he's called MightyOne) says.
This is how i draw price levels (Supply&Demand) over my charts:
1) Supply is a zone (it doesn't matter how you are drawing it) around the top aka 0% or 25% RET in this chart.
2) Demand is a zone (it doesn't matter how you are drawing it)...
Price is high on bigger timeframes and we still are in a triangle formation, BUT there is a long possibility since we are around a price level formed at the 25% RET of the actual range.
What matters is taking profits when is time to take profits.
