Hi traders.
If XBTUSD is able to break out of the purple resistance trend line drawn, we could see a strong upside push towards the outer resistance lines.
Expecting the pair to push higher, following the heavy sell off earlier. SMA crossover has also occurred on my chart, further validating the idea.
I will only enter this trade upon confirmation of a solid breakout on the 15M/30M time frame charts.
If it fails to break out of this trend line, I will enter a short position.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!
If XBTUSD is able to break out of the purple resistance trend line drawn, we could see a strong upside push towards the outer resistance lines.
Expecting the pair to push higher, following the heavy sell off earlier. SMA crossover has also occurred on my chart, further validating the idea.
I will only enter this trade upon confirmation of a solid breakout on the 15M/30M time frame charts.
If it fails to break out of this trend line, I will enter a short position.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!