Of course, inline with the DXY break we have seen, we have obviously got various USD*** bull break setups and ***USD bear break setups.
We have seen an initial rejection of 1.27800, not so much interested in the short setup we have indicated, more so jumping in with the bullish move from 1.26250 support up to 1.27800 again with the chance up breaking...
I will open this long using Parabolic Sar and the cruze of the MACD line above 0, Risk/Reward 1.74 (good). Im just operating the trend line with the confirmation of the indicators, lets see whats happen.
I will post the result, stay tuned
🌴FREE COIN ANALYSIS🌴
💎Break-in market structure with a higher low and higher high.
💎Buy volume shows the break above the diagonal trendline was genuine; it also gets successfully retested and now piercing through 100EMA.
💎#Zcash Halving event scheduled for November.
💎The market sentiment looks great for BTC <> ALT correlation reverses and altcoins...
you know how it is:
A basic bull pennant/triangle is all you need to make $ in the long-term
Let's see what this one brings.
As always, take into account your risk tolerance ;)
Vlad The Crypto Trader
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Looking for Shorts is the exact terms for the weather we are encountering now in Italy. Warm temperatures and sunny days.
Some free thought of the movements of Bitcoin, looking now for Short positions.
Stay safe, since this level is really an important level, that acts as a resistance/support since a...
After holding the 63$ level (previous resistance), we have retested it as our current support and seems to me that we are about to experience a strong imbalance in the trading range via a breakout.
Everyone who has sold is likely out and we should see new interest coming into ZECUSDT which has been moving together with XMRUSDT and DASHUSDT.