BTC was bid up nicely but lost the momentum with a shift to a risk-off attitude in the overall markets. Following this pump and witnessing the second bearish daily candle, it seems the best approach is to fade this recent bullish action and look for targets in the previous lows.
The risk profile highlighted in the chart has a 5R return, and the covered risk through the stop loss range is optimized to the structure of the current BTCUSD market.
Trade with care, remain solvent and, above all else, try to stay healthy.
The risk profile highlighted in the chart has a 5R return, and the covered risk through the stop loss range is optimized to the structure of the current BTCUSD market.
Trade with care, remain solvent and, above all else, try to stay healthy.
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BTCUSD, Update
Seems like bulls want to test 50k.