Moving onto BitCoin, there's a potential reversal if it fails to close below previous lows.
followed by a double bottom,
and we will buy at the next bar market,
stops need to go below previous lows
and targets will need to go at least until previous structure which is around 222$
If you're not a fan of counter-trend trade,
you could wait for a confirmation of break (LLLC, lower low lower close)
followed by a retracement towards previous support which should become resistance.
and you can sell BitCoin and hop onto the ongoing downtrend.
Kanchelski
follow me for more updates on Forex and other commodities
followed by a double bottom,
and we will buy at the next bar market,
stops need to go below previous lows
and targets will need to go at least until previous structure which is around 222$
If you're not a fan of counter-trend trade,
you could wait for a confirmation of break (LLLC, lower low lower close)
followed by a retracement towards previous support which should become resistance.
and you can sell BitCoin and hop onto the ongoing downtrend.
Kanchelski
follow me for more updates on Forex and other commodities
