BTCUSD is already a trending market, it's in an uptrend already, the most we can get from a sell inside this week is a 1:3 at the most which if we sell, price could get to $38,500 from this current price BTCUSD is currently trading, which is just above $41,000.
This is not trading advice, it's just my idea for now.
The signal to sell might be given when price meets certain conditions so, keep an eye out on my channel.
Breakdown of my idea or rather, reason behind my sell idea:
1. Price has been divergent for days
2. Price is overbought.
3. Price seems to want to cover up imbalances from it's current buy momentum.
4. Price has hit our Order block. Put plainly, it has hit a confluence which was a previous high in H1.
5. A bill has been passed to (in layman terms) get taxes from crpto's to fund government investments (to understand how this can affect Bitcoin, make your own research).
6. Price needs to test our 200 EMA before either bouncing off of it back to the upside or, get to our 1:8 RRR earlier stated.
If you agree with this idea, let us know down in the comment section below, like, share with your family, friends and fellow traders and most of all, follow this channel.
Cheers !.
This is not trading advice, it's just my idea for now.
The signal to sell might be given when price meets certain conditions so, keep an eye out on my channel.
Breakdown of my idea or rather, reason behind my sell idea:
1. Price has been divergent for days
2. Price is overbought.
3. Price seems to want to cover up imbalances from it's current buy momentum.
4. Price has hit our Order block. Put plainly, it has hit a confluence which was a previous high in H1.
5. A bill has been passed to (in layman terms) get taxes from crpto's to fund government investments (to understand how this can affect Bitcoin, make your own research).
6. Price needs to test our 200 EMA before either bouncing off of it back to the upside or, get to our 1:8 RRR earlier stated.
If you agree with this idea, let us know down in the comment section below, like, share with your family, friends and fellow traders and most of all, follow this channel.
Cheers !.
