Hi Traders! Welcome to this update analysis! Let’s get right to it! Looking at the Daily chart .
Now, before we get bullish or bearish , we have to assess the data on the chart.
If the most recent arrow is red, you should be short. If the most recent arrow is blue, you should be long.
Keep your Stop Loss at 5% of the price.
Looking back at the action...
Bitcoin has made a nice 7% gain for us on our trade yet we stil need a further break to the upside to consolidate these gains. A move higher could see Bitcoin head towards 6600USD as we run up to the end of July. What we don't want is a sharp sell off and drop back to 5000USD. This would erase our gains. Bitcoin is only 1 of 8 that we trade so this isn't the end...
Most people are leaving bitcoin now... whereas we are just getting going. Our tests on our bot have gone exceptionally well since April and we will be bringing in some large clients later this year. We are now confident in using our bot and are slowly increasing our position in bitcoin in our portfolio at Grey Trading.
The bitcoin market is quite frankly...
Hi guys, my bot has nailed this short from 7800USD to 7600USD doesn't seem as much as before but in % terms it's really quite something especially with leverage.
I've also made 3 new indicators! Which helped me nail the short!
It looks like a great technical support level we are are at now... I have switched from setting my algorithm to just short to long and short for the next few days while we hover around critical support.
For more information about my bot please head to our website or contact me.