BITCOIN (BTCUSD) – Cash: Selling From The Bearish Pin Bar Signal
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal overnight.
Price moved higher from the Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal).
Price broke below the $25339 old key support level over five weeks ago, which is a now key resistance level and an event area.
Potential Trade Idea 1: We are considering selling from the current Bearish Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the $25339 key resistance level (Event Area).
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal overnight.
Price moved higher from the Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal).
Price broke below the $25339 old key support level over five weeks ago, which is a now key resistance level and an event area.
Potential Trade Idea 1: We are considering selling from the current Bearish Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the $25339 key resistance level (Event Area).