In this video we take a look at bitcoin recent price structure for the immediate future and then we go over the back test performance results of our algo that can easily not just double but x10 your account size.
Bitcoin is approaching major support so did ETH and IM sharing my thoughts on how to manage the existing trades, when to take profits, how to take partial profits and have runners on in case we punch through the 30K level and why I think there is a high probability that we will punch through the level this time around.
More upside to come for USDCAD as USD strengthening across the board on positive US Data and expectations of FED tapering sooner than expected. USDCAD is great candidate for a nice USD bounce because of how oversold it is and price being supported by a multi year demand zone.
REACHED 20MIN LIMIT ON THE VIDEO AND GOT CUT OFF - BUT THE MAIN POINTS ARE THERE. WE ARE FINISHING A MAJOR WAVE CORRECTION IN A TRIANGLE AND IT NEEDS TO DO ANOTHER THRUST DOWN TO COMPLETE THE STRUCTURE BEFORE WE SEE A BOTTOM AND A RETURN OF BULLISH MOMENTUM
Gameplan for short term traders, explaining how to manage our current trade, when to take profits and what to expect next. Also a gameplan for long term HODLers shown how to do it with minimum risk using TA.