BTC Day-Trading Update (November 09)
Very large sell-off overnight. Price dumped very quickly within two hours nearly 8%, only stopping after wicking thoroughly through our previous broken resistance turned into a Demand Zone.
Unfortunately, such a large sell-off is usually an indication of trend exhaustion, so after an initial bounce-back my strategy is to short back down for a re-test or breakdown of the $35,900 Demand Zone.
I will begin looking for entries around $36,800, waiting for lower-time frame entry signals.
Unfortunately, such a large sell-off is usually an indication of trend exhaustion, so after an initial bounce-back my strategy is to short back down for a re-test or breakdown of the $35,900 Demand Zone.
I will begin looking for entries around $36,800, waiting for lower-time frame entry signals.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.