Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
It's a risky play because it's against the trend.
-price is retesting the weekly resistance
-obvious divergence on MACD
-possible trend reversal?
Very simple trading idea that works well most of the time.
BTC lost its channel support. this short idea will be triggered when it retests the channel resistance.
SL: if the price reclaims channel i'll close my position and change my bias.
High risk&reward ratio trade.
Stop Loss: Daily close under rounded bottom
We have a very strong support around 112-114 area.
With a SL around 110, there is a beautiful R&R ratio
symmetrical triangle on 1H chart, it will breakout soon.