The KYRREX project is again with you and today we continue to review and prepare for trading the "Great Alpha" - BTC/USD. So, in our of April 10, we calculated and determined the level of 5610 for our entry into the position.
Two weeks passed and the price reached our estimated level. And the most important thing is that the price reacted to this level, judging by the last two trading days.
This tells us that we can wait and look for the Price Action pattern, which, in conjunction with the volume analysis, would give us an entry point to short with this pair. In addition to the fact that we have seen the price reaction (as well as the sellers) at the calculated level, we can observe a clear divergence on the daily chart of vertical trading volumes, that increases the likelihood of entering a good trade.
We all have to keep in mind that any trade and its outcome is a struggle of probabilities and skills in managing positions.
Follow us - we will publish our entry points. Wish you all success and profit.
* All KYRREX publications are made solely for informational and / or marketing purposes and should not be construed as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account goals and situations of a particular trader in its analytical publications and is not responsible for any loss as a result of investment based on published analytical materials.