Recently came across this article by @and I decided to share it with my readers, most especially you.
Continue reading to get the main gist of his trading tip.
( ) just had the first strong in quite a while, but this is no surprise, we were expecting this… Here you can see our previous analysis here.
We are looking mainly at EMA100 on the daily time frame, but EMA50 goes first. I would say our next stop goes at $4680 depending on how the day closes, but this retrace is just starting and it can take a while to fully develop.
Trade: SHORT XBTUSD
Buy-in: $5400 – $5500
Time Frame: 1D
Stop Loss: Close 1D above $5650.
Liq. price: $6029
(Buy-in calculated at $5460)
Profit Potential: 213% ROE
Capital Allocation: <10%.