The pair currently is sitting on a 2 to 5 months old support level and its certainly ready to sky rocket .
SL is where it is cause you don't really want to be in the trade if it goes under 1.20035-120020.
As always wait for confirmation and go long!
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Analysis of #BTCUSD
Prices were not able to close above weekly trend line resistance and we could see further weakness from here to 8000 and maybe 7000 later, will be monitoring the price action for a chance to sell
Thanks for taking the...
This chart uses Heikin Ashi Candlesticks with CM TrendBars (21D), EMAs (9,15,21,55), RSI (13D, 80/20 ranges) and a MACD indicator.
The Heikin Ashi candlesticks are a different type of candlestick pattern, meaning ‘average bar’ in Japanese, which reduce underlying noise and produce a smoother looking candlestick pattern. The ‘smoother’ candlestick patterns is...
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