EURUSD Daily setupUsually i do not share ideas with timeframe lower than H1, but i want to try to share something different. This is how i usually plan my daily trades, and despite the main trend, i look for scalp in every direction. My main bias for EURUSD is short, but i think that today and tomorrow we could see a potential bounce. I drawed a possible reversal zone, that is a support area with liquidity. To open a long trade, i would like to see a touch in this area again and, in 4 hrs from now, a i will open a long trade if i see a reaction there with a break on the upside.
Dailyplan
Daily Bitcoin Update - E03Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price of Bitcoin (BTC) had a bullish start today. The price bounced from a short-term support zone (6850.00) and is currently moving towards our strong resistance-zone at 7300.00 , which is also our entry-zone for a short position.
The overall trend is still bearish, since we did not receive a proper reversal pattern yet. We do also have a bearish outlook on daily and weekly time-frame:
Therefore, we try to spot the best entry on the 4 hour time-frame.
We can see a death cross forming on the 4 hour chart appearing with the MA 50 (short-term) and the MA100 (mid/long-term). The price is also trending below the MA200 (long-term). A death cross is usually followed by a lot of volume. Please keep in mind that most of the bots trade along moving averages and crosses.
The next two candles might confirm this scenario.
Cheers,
cryptobuller