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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Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
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academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.