Bitcoin held its support level at 35K, which allowed this market to try to break the trading range between 35K and 45K to reach levels above 47K. It pierced the 200ma momentarily to go back to its 43K support level where there is a narrow ribbon supporting the price. This is a good signal since this means it is concentrating energy and it could ignite a rally to the upside.
The Bar Evolution indicator shows that the uptrend rally was temporarily stopped (the two red bars at the end of the indicator), however it is holding at the mid channel level, this is support. Worst case scenario it could pierce the channel to the downside and still maintain the uptrend at the support channel line which matches the 37K support level.
"Everything you need to know is right in front of you" -Jesse Livermore
Can you make a strategy for me in which Buy and sell order has been executed at the same time with trailing stop suppose if the market goes long 5% it will book 3% cause of trailing profit of 2% and short sell of 2% got rekt and vise versa in this cause 3% would be the must profit -2% loss =1% profit.
UnknownUnicorn18638404
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I agree - those calling for 20k could easily get rolled over as fundamentals and geo-political/economic changes have a greater impact