$DXY & $BTC -Put to Tests for BINANCE:BTCUSD.P by Mr_J__fx

$DXY & $BTC -Put to Tests

testing today the Golden Zone of the last LH-HIGH fibbonnaci level.
Lose 0.618, 103.36 incoming for The Dollar Index.
Bullish momentum of 50 & 200 EMA Golden Cross would also act as Support
coinciding with 103.3 level,
in case fails to close above 0.618 zone.

Meanwhile seems to have broken Character of 25K, with a Daily Close and
Open below 25.785$ .
Worth mentioning is that #Bitcoin has violated the grey Support-Resistance key Zone
with a High Selling Volume well above average.
This is a very concerning boundary violation !
For now might get stuck in a range bound of 1.618-2.618
Next target would put at 24.560$

TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any trading activity based alone in this idea.

Note

Zoomed in on smaller TF

Note

jumping hard at 0.618 fibb. retracement .
Take heed of cryptocurrency market

Note

Shorting opportunity

Trade closed: stop reached

The importance of Proper Risk Management
There is always plenty of opportunities given in trading.
There's no need to rush positioning heavy and gamble

Note

Mr_J__fx

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