Key resistance and support levels to watch.
5:1 Risk ratio
New entries look for a breakout past current resistance for confirmation,
or a pull back for retest of trend line.
As usual observe bitcoin, stocks and dollar index for a macro view that will change the overall trend.
Happy Trading.
5:1 Risk ratio
New entries look for a breakout past current resistance for confirmation,
or a pull back for retest of trend line.
As usual observe bitcoin, stocks and dollar index for a macro view that will change the overall trend.
Happy Trading.
Comment:
bearish levels to look for if resistance holds
Comment:
Starting to break the trend line downwards, still in a consolidation indecision zone. A lot depends on how btc.d and the stock market* moves
*if still correlated, news of europe hinting at negative interest rates puts bitcoin in bullish territory imo.)
*if still correlated, news of europe hinting at negative interest rates puts bitcoin in bullish territory imo.)
Order cancelled:
Btc dumps and along go the alts. Price settling at old support line.