Altsignals Academy

XBTUSD UPDATE

Hey members, has been a while since the last xbtusd update.

However, the last one was a perfect prediction about the markets, actually being supported for our $9027 support (Blue line in our chart)

These days help us to create strong supports between that critical level.

We need to continue supporting it and closing candles above the red line which comes from the 2017 highs actually acting as resistance in our 4H chart for a bullish continuation.

BTW, indicators are slowly becoming bearish and neutral, with less bullish options In the PA.

Only closing 4H candles above $9400 we can think about a bullish breakout above 10K.

The most likely scenario is to have a red line retest with a bearish reaction which might bring us again to $9200. In this point we can try to

1-Enter a bullish position with tight stop loss below $9170 (Risky)

2-Update our short stop loss above $9250, continue our trade below $9200 trying to ahead a $9027 as target.

At $9027 level, this one is a key level to have in mind, because its the most probable to get a bullish reaction, so, bullish positions in this point have more chances than above $9200.

If we fail our bullish entry at $9027, we can flip to short for a short squeeze chance!

We are in a consolidation PA, can be boring but safer than volatiles PA (Bullish or Bearish) so, don't rush your entries and exits, trade smart and happy 😋🥇

www.tg-me.com/us/Altsignals Academy/com.altsignalseducation/142

5.2K viewsJul 6, 2020 at 14:06

XBTUSD UPDATE

Hey members, has been a while since the last xbtusd update.

However, the last one was a perfect prediction about the markets, actually being supported for our $9027 support (Blue line in our chart)

These days help us to create strong supports between that critical level.

We need to continue supporting it and closing candles above the red line which comes from the 2017 highs actually acting as resistance in our 4H chart for a bullish continuation.

BTW, indicators are slowly becoming bearish and neutral, with less bullish options In the PA.

Only closing 4H candles above $9400 we can think about a bullish breakout above 10K.

The most likely scenario is to have a red line retest with a bearish reaction which might bring us again to $9200. In this point we can try to

1-Enter a bullish position with tight stop loss below $9170 (Risky)

2-Update our short stop loss above $9250, continue our trade below $9200 trying to ahead a $9027 as target.

At $9027 level, this one is a key level to have in mind, because its the most probable to get a bullish reaction, so, bullish positions in this point have more chances than above $9200.

If we fail our bullish entry at $9027, we can flip to short for a short squeeze chance!

We are in a consolidation PA, can be boring but safer than volatiles PA (Bullish or Bearish) so, don't rush your entries and exits, trade smart and happy 😋🥇

BY Altsignals Academy