Since last Monday, recording a new low at 8,914$, BTC has been trading below the 200MA, the daily average has been pressuring the price forming higher-low.
From a bigger time frame at D1, the price is also under the influence of the same MA where price has shown insufficient force to break the dynamic resistance.
If price can break with a bullish momentum, it feels like a free ride to the long waited level of the 10K.
The order:
Type: sell-stop.
S/L: 155 pips - R:R | 1:2
T/P: target support level
From a bigger time frame at D1, the price is also under the influence of the same MA where price has shown insufficient force to break the dynamic resistance.
If price can break with a bullish momentum, it feels like a free ride to the long waited level of the 10K.
The order:
Type: sell-stop.
S/L: 155 pips - R:R | 1:2
T/P: target support level
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Related publications
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.