Continuation Short off of MA and Previous Support turned Resistance. I’m testing a strategy I found on YouTube. It seems like the goal is to use Ma and higher timeframes to determine overall trend and then use support and resistance areas in combination with ma to find entry in direction of overall trend. I believe strategy was only tested on GBP NZD and had about...
Will it go up? Will it go down? It's anyone's guess really. The fact that it closed below the trendline is something to keep in mind. So, if it goes down, here are some key support levels.
The bearish case for Bitcoin is starting to gain more substance and I plan to "dip my toes in the water" and start building a short position. - On the daily chart Bitcoin officially closed below the $6000 mark for the first time in 2018. - The orange support trendline is well and truly broken - We continue to make lower highs and lower lows without any real sign...
Just a couple of scenarios to get involved short depending on the depth of price action retracement (sell zone 1 Vs sell zone 2) .