The Brexit agreement created a lot of optimism for the pound which impacted the sentiment and introduced retail buyers into the market.
If you pay close attention, you will notice that two sets of liquidity have now been purged, potentially giving the banks enough volume to create the next upside move.
The first liquidity hunt was the push past resistance...
If you have not sold EURUSD so far, you now have this option.
If there is to be a decline, it must begin now.
Many of the speculators sold at the previous peaks, which made the price, and those with the lowest stops are probably no longer among the participants. At the moment, many buyers are joining because of the break of the previous peak of H1, but this will...
The nearest strong support is the $ 10.1 -10.3 range. Once we lose it, we can start placing buyback orders.
⚡️📌 Further fall should give a good range for redemption:
$ 3.09 -3.30
The data are preliminary. If the $ 10 support holds, we might get a bounce above $ 18.
I propose to allocate up to 10-15% of the depot for the purchase of Link. Other good altcoins...
Here's to an other overly simplified yet very efficient analysis on the daily BTC chart. Just like my last idea, Daily BTC chart is the best chart for spot on confirmation yet quick positioning timing. I am posting a little earlier than I expected as bitcoin fall been quicker than I anticipated. We are now approching an other major resitance....
If it can break out of this consolidation pattern we could see some significant upside.
On a lower time frame its showing positive signs.
It's a good coin to try trading cryptos as its inexpensive. Risk Reward over 3.5:1
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with...