Updated
BSVUSD
BSVUSD Play:
2 potential plays are developing:
(1) Buy on the break of resistance above 340, Sell on the breakdown below 280 (shown in green and red arrows). Targets above and below shown in the chart. Wait for confirmation with BTCUSD chart, always play along. If BTCUSD chart does not follow thru, then scrap plans.
(2) Reversal - (shown in blue arrows, my preferred plays). Wait until play (1) develops, and enter for reversal with targets on the broken resistance and supports
2 potential plays are developing:
(1) Buy on the break of resistance above 340, Sell on the breakdown below 280 (shown in green and red arrows). Targets above and below shown in the chart. Wait for confirmation with BTCUSD chart, always play along. If BTCUSD chart does not follow thru, then scrap plans.
(2) Reversal - (shown in blue arrows, my preferred plays). Wait until play (1) develops, and enter for reversal with targets on the broken resistance and supports
Note
Took a little while, reversal (2) played out beautifully
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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.