Today we are going to look at the prospects for the LINK / USD pair.
It is obvious that the uptrend on this instrument is over. The main correction is also completed, the time has come for a boring sideways movement.
Nevertheless, there is a high probability of a retest of the main support, it is at the previous local highs, these are the levels of $ 4.30 and $...
Often, traders are pursuing the system's maximum profitability, upon creating trading strategies. However, it is more important not to increase the value of the expected profit, but to reduce the possible risk, which is expressed in the maximum allowable drawdown.
A simple, but relatively reliable way to assess the trading strategy effectiveness is to determine...
It seems to be a good selling opportunity on ZIL / BTC.
This pair has been moving in a downward channel for more than three months.
The price is close to the upper channel's frontier, plus there is a clear horizontal resistance.
The downward trend reserve is about 20 per cent, to the middle of the descending channel.
Good risk/reward ratio.
You should wait for...
🧐A Bitcoin short review on all timeframes and further thoughts about the events' development.
We are in the range of 10-11 thousand for the fifth week, which is rather boring.
In our opinion, the falling probability to the 9 thousand level is now about 60-70 per cent.
ATS shows us a short on all timeframes except the weekly one.
The weekend ran calmly, the market is rather dull in general.
There is a small rebound on Bitcoin, nothing remarkable, everything is within the current flat trend.
Analysing the market situation, we are more inclined to think that the market will be shaken again.
More precisely it will be quickly shaken out. 3D timeframe’s short was confirmed by ATS...