From a technical point of view, our pattern worked correctly (see chart below) triggering a bearish leg started from 9,900, and as we said in the previous analysis, this swing could be a simple pullback or a true reversal. Unfortunately we don't have crystal ball, so if you're looking for the "Holy Grall", stop reading now and dedicate your time to something else. Having said that, the pair has reached a crucial moment, and if you don't want to play with your money, maybe it's time to take a break and wait for the next move on the market, maybe it's not the best time to anticipate it (... but the money is yours and you do what you want!), far from it .... We know that most beginners are suffering from strong drowdawn (many of them have bought bitcoins at 15,000, 18,000, 20,000, ...), but we hope that they have invested only a small part of their capital. Said this, most likely we have to wait 1-2 sessions to understand what the next swing will be, and I invite everyone to caution in such a difficult moment. Fortunately, our traders don't have this problem, they took part of profit on TARGET 1 and moved stop loss to breakeven for the rest of short position, and this is precisely the secret of success: always put stop loss in all trades!!!
OUR SETUP (click and play on chart below)
If you want to support our work and you are interested in following this pair even on smaller time frame, click on "Like" buttom, thank you and trade with care!
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*drawdown (errata corrige)
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if we are able, we will post some technical updates later.