We saw BTC/USD make a bull move to the September 2nd high level. Basing off trend analysis, BTC/USD makes a significant jump within the first week of each month then proceeds a volatile trend setting up Buy/sell scalp ideas. Given the bull/volatile trend I presented with the trend line and arrows I will wait until we see a break to start scalping. Given USD is weak we may see a push back up to the Friday high to kickstart the buy/sell scalp. My MACD strategy and ADX will help determine price action for best entry and exit points.
This is just an idea based off the clear trend on the 1 hr chart.
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.