Trade Idea: Sell BTCUSD Reasoning: Shooting star on hourly chart Entry Level: 31860 Take Profit Level: 30460 Stop Loss: 32210 Risk/Reward: 4:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators,...
Break of structure, fall into $36,300, Then completing a head and shoulders formation which could possibly extend targets to $32,250.
Bitcoin to complete Daily/4H fibonacci and fall back down into weekly or monthly levels at around 20,000.
BTC /USD stab at 61.8% or 78.6% then fall down to -61.8%.
Market came into liquidity zone, took orders with a shooting star candle and tested fib 61.8%. Stops 5-10 pips above high of shooting star TP at -27.00% (which is also close to a daily level).
Bitcoin Technical Overview: Key Resistance: $6280 - $6340 - $6392 - $6450 Key Support: $6230 - $6170 - $6116 - $6036 Technical Indicator: RSI: RSI lacks upside momentum, in chart dotted red line is strong resistance for XAUUSD. MACD: Indicator having strong seller volume. Moving Avg: SMA50 ($6388.41) & SMA20 ($6434.35) strong resistance for the day (4H...
Bitcoin Technical Overview Day Trading Range: $6410 - $6070 Day Resistance: $6365 - $6450 - $6480 Day Support: $6280 - $6200 - $ 6130 Technical Indicator: MACD: MacD shows short term bullish volume. Moving Avg: SMA20 is support Bitcoin at $6310, if break it than more down fall. Most Likely Scenario: Short Bitcoin $6400 - $6450 with strong stop loss $6588 &...