The recent correction shows a correlation between traditional markets and Bitcoin. Commodities are getting smoked right now and Bitcoin will follow, some weakness in the structure makes for a good short setup
Here is what I see going forward concerning the Coronavirus outbreak. As a resident of a county outside of a major population center in the US, businesses and restaurants are still open and foot traffic is high to grocery stores and other retailers as residents are stocking up on supplies. Unfortunately these people are exposing themselves to large crowds and...
Trade the breakout of the current range with stop at red lines.
Break ABOVE 5220 -> Stop 5060 -> Target 5650
Break BELOW 5060 -> Stop 5220 -> Target 4700