Bitcoin is balancing on top of 50 Daily EMA. You could sport 3 reactions on hourly already. Decreasing volatility suggests that whichever direction Btc takes, the move is gonna be impulsive. I took long with no profit target specified yet.
Upon analysing every degree, something was common. And it was that the next wave is upwards. The fashion or the type of wave it is going to create is not that important to me just yet, as I am aware that it is forming an impulse wave overall in the 1 Hr time frame. I believe in the 1 hr, it is completing its second wave and entering into a strong third wave, and...
not too confident with this trade but the R/R cant be passed up
with DXY turning over and the LTFs on this pair looking bearish I guess I'll post it :)
looks like the consolidation phase is over
looks like 97.2ish wants to hold as support. on the lower time frames we have a nice test of 97.23 and price turned around and took off and i dont think its going to stop until 98.2 so we will have to wait and see about that some plays we can make based off this chart. GpbUsd UsdSek UsdChf and EurUsd this chart looks "late" because I posted a DXY chart...
DXY broke key support and is currently holding under 97.1 giving me a bearish outlook for USD/XXX meanwhile we have UJ setting up under 107.6 I'm focusing on this specific trade until DXY gets into the 96.60s which is the next level of key support.
might just let this one run if it hits targets
heres my last set up I see right away this morning
looking to short this as DXY is bouncing off that 97.25 support area. I will be moving my stop loss down as this trade continues
DXY ran into support and it seems to be holding lets see how long the buyers can stay in control.
cashed in on longs and now short for a bit