BTCUSD seems to be attempting a Low at the bottom of the 5 month Channel Up in order to stage a rebound.
The price is stuck between the MA50 and MA100 (1d).
We haven't had a (1d) candle closing over the MA50 since May 6th.
Trading Plan:
1. Buy if the price closes a (1d) candle over the MA50 (1d).
2. Sell if it closes under Support (1).
Targets:
1. 31000 (Resistance 1).
2. 23850 (expected contact with the MA200 1d).
Tips:
1. The RSI (1d) is trading under a Falling Resistance and the action is getting too tight and narrow. This indicates that we are bound to get a strong break out soon, regardless of direction. Be prepared for both probabilities as per our trading plan.
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Notes:
Past trading plan:
The price is stuck between the MA50 and MA100 (1d).
We haven't had a (1d) candle closing over the MA50 since May 6th.
Trading Plan:
1. Buy if the price closes a (1d) candle over the MA50 (1d).
2. Sell if it closes under Support (1).
Targets:
1. 31000 (Resistance 1).
2. 23850 (expected contact with the MA200 1d).
Tips:
1. The RSI (1d) is trading under a Falling Resistance and the action is getting too tight and narrow. This indicates that we are bound to get a strong break out soon, regardless of direction. Be prepared for both probabilities as per our trading plan.
Please like, follow and comment!!
Notes:
Past trading plan:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.