Trading BTCUSD can still be a challenge, just one day after Segwit.
However, volatility measured by ATR on a 22H basis, is under 50 right now, price shows resistance in the 2580-2660 zone before, during and after Segwit.
DMI is in Trend, and Stochastic, back-tested the last 30 days, although slightly over-trained is crossing on the downside as a signal of entry opportunity.
RSI (not shown) is near 50 at the time of publishing.
The trade proposed offers a Risk/Reward of 1.66.
SL must be slight under short-term support of 2590. TP near 2950. However, if approaching TP there are conditions given to break resistance, a chandelier exit will be proposed with suggested levels updated.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
However, volatility measured by ATR on a 22H basis, is under 50 right now, price shows resistance in the 2580-2660 zone before, during and after Segwit.
DMI is in Trend, and Stochastic, back-tested the last 30 days, although slightly over-trained is crossing on the downside as a signal of entry opportunity.
RSI (not shown) is near 50 at the time of publishing.
The trade proposed offers a Risk/Reward of 1.66.
SL must be slight under short-term support of 2590. TP near 2950. However, if approaching TP there are conditions given to break resistance, a chandelier exit will be proposed with suggested levels updated.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Trade closed: target reached:
TP 3100. SB 3201