BTC can be shorted here for short rally. Since USD is getting stronger for the next week we can consider btcusd coming down
Market Structure suggesting price to be stepping down slowly but we can see a trendline support coming from the below which resulting in a side ways market. Remember Sideways market means No clear direction because the sideways market could result in 1) Trend Reversal while collecting enough orders to go against. ...
I can imagine price going in Upside Or DownSide. You can never tell. The key here is to be prepared where it goes.
This is just an View. I m not sure about the call.
Follow the trend. You can see how simple could it be to trade trending markets. Try to stay away from Ranging markets and Wait for Trend Confirmation. Simple Breakout and Retest Strategy. Use Proper Risk Management. Dont risk more than 3 % for a trade.
Reason for the trade is simple 1) Double Top in 30 mins as well as daily 2) Break of the neckline 3) Retracement to Golden Zone
Use Risk Management. Risk only 3% per trade. P.S. - I am already in the trade
Use Risk Management. Risk only 3% per trade.
Elliot Wave analysis on BNF clearly shows an Impulse wave 12345 and now occurring the correction wave abc. We can except a previous downtrend after correction c completes.
Use proper Risk management. SL can be above Supply Zone for positional Trade
Sell if the Trendline is broken and we get a bearish engulfing candle after a doji/ spinning top. Use Proper risk management.