Hello Traders,
today I would like to show you a big trading opportunity in the BTC/USD (
BTCUSD
) market.
As you can see bitcoin held the blue support, as we expected yesterday and is now facing resistance at the upper yellow resistance line.
We expect bitcoin will take a move down through the blue resistance line and hit the green support line, which gives a nice shorting opportunity with a Risk/Reward above 6!
If bitcoin holds the green support line, expect another move up to the blue line, which was previous support and displays new resistance here. Hence, you can close your short if the green support line holds and open a long position here.
I hope you take profits out of this simple TA.
today I would like to show you a big trading opportunity in the BTC/USD (
BTCUSD
) market. As you can see bitcoin held the blue support, as we expected yesterday and is now facing resistance at the upper yellow resistance line.
We expect bitcoin will take a move down through the blue resistance line and hit the green support line, which gives a nice shorting opportunity with a Risk/Reward above 6!
If bitcoin holds the green support line, expect another move up to the blue line, which was previous support and displays new resistance here. Hence, you can close your short if the green support line holds and open a long position here.
I hope you take profits out of this simple TA.