Clear move here?
Everyone thought bitcoin was great when it was going up Sharply; however if we focus on the economic turmoil currently radiating through turkey it is clear that parabolic price inclines in a currency do not necessarily mean positive things other than profit for traders on the correct side of the market.
Smaller time frames show bearish momentum increasing
Put a stop above the previous monthly high and T/P on the first breakout which is a suitable target for the time being.
lets long the lira
Everyone thought bitcoin was great when it was going up Sharply; however if we focus on the economic turmoil currently radiating through turkey it is clear that parabolic price inclines in a currency do not necessarily mean positive things other than profit for traders on the correct side of the market.
Smaller time frames show bearish momentum increasing
Put a stop above the previous monthly high and T/P on the first breakout which is a suitable target for the time being.
lets long the lira
Note
Note
near to breaking out on 4H, lets see how the next few days progress.Trade active
Trade closed manually
Emerging markets showing weakness, continuation could be the play here so keeping an eye on price The move on Argentinian peso looked to show a similar fractal before breaking up, chart of this shared below highlighted in the white boxesNote
Small wedges out of correction zones have often led to impulses up in value: Note
Will look to flip the coin at some stage.Note
Potential up if .5826 holds
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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.
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.