Hi guys!! Hope everyone has been having a great trading week!! Let's get straight to Today's trade. Currently we are seeing some possible signs of reversing upwards on
BTCUSD
due to it failing to make a lower low as shown in RED on the chart. If the resistance at $6600 is broken with clear momentum then we can possibly see a run back to the $7350 zone back from August 5th. Fundamentally the USD is suppose to be bullish but not in this case. You see at these lower levels any slight movements upward can cause CRYPTO traders to go in to a FEAR OF MISSING OUT also known as "FOMO". If a fail occurs we can see HUGE dips down to levels as low as $4860 so trade this VOLATILITY MONSTER with CAUTION.
BUY LIMIT ORDER: $6610
TAKE PROFIT: $7350
STOP LOSS: $6380
HIGH PROBABILITY TRADE SET-UP!!! RISK MANAGEMENT IS MUST!!!!!
AMAZING FOREX CALLS COMING OUT TONIGHT!! BE ON THE LOOKOUT.
BTCUSD
due to it failing to make a lower low as shown in RED on the chart. If the resistance at $6600 is broken with clear momentum then we can possibly see a run back to the $7350 zone back from August 5th. Fundamentally the USD is suppose to be bullish but not in this case. You see at these lower levels any slight movements upward can cause CRYPTO traders to go in to a FEAR OF MISSING OUT also known as "FOMO". If a fail occurs we can see HUGE dips down to levels as low as $4860 so trade this VOLATILITY MONSTER with CAUTION. BUY LIMIT ORDER: $6610
TAKE PROFIT: $7350
STOP LOSS: $6380
HIGH PROBABILITY TRADE SET-UP!!! RISK MANAGEMENT IS MUST!!!!!
AMAZING FOREX CALLS COMING OUT TONIGHT!! BE ON THE LOOKOUT.