fxred99

BTCUSD consolidation

BITSTAMP:BTCUSD   Bitcoin
chunk of the activities in recent weeks centers around /20877-19200/ zone. the more you have to look at the picture, the more you see the decrease in candle size. For day traders, you sure can pick some pips throughout the entire week by trading either sides of the market. and for intra trading, the most ideal is to use buy stop. Let it come to the level that breeds your plan better. The ideal level for this on the daily time frame is PL 21890, which i call safe zone, at the time of writing this. the exisiting support is about to get tested. wait for confirmation candles or a retest of the support level 19200 before making a decision.

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