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Bitcoin update 21/09/202121/09/2021 Currently trading on 42 700 USD. After Sunday - Monday crash bitcoin falled from 48 800 USD to 40 000 USD. Many traders were liquidated. Reasons for crash 1) Volume in market is very low. 2) China FUD - Evergrande company has some problems and all stocks falled down. 3) Stocks are on the tops and market is very tricky. 4) In market are many speculants and gamblers with high leverage positions and without any experince. Next scenario for BTC 1) sideways range between 42 - 48k till the break of orange trendline and road to new ATH. Target is around 100-120K USD. Green scenario - Important points - Daily close not below 38k (with body), Weekly candle not below EMA21 2) Distribution between 35 - 40k and then break down. - daily close below 38k Presonaly I am still bullish, bcs support on 40k is very strong and it is more easier to go up from this support then go down trough this support. Market cap USDT after every correction grows. It means money still stay in cryptomarket and are ready for buy.
Long
by UltimateCryptoTrader
2
EUR/CHF Two main S/R zones 🚀 On EUR/CHF is nice to see Two volume clusters , there is strong volume areas.... Where is lot of contract accumulated... This two volume clusters works as Two strong S/R zones. Around these strong Volume clusters i expect a reaction to the market.. Right now i waiting for pull back to this area... Pullbacks To Volume Clusters What I prefer is to wait for a pullback and then enter the trade. Pullback to where? To areas with significant volumes. In an uptrend, those significant volumes show us places where strong Buyers were entering or adding to their Long positions. Those “Volume Clusters” work as strong Supports because the strong Buyers who placed their Longs there are likely to defend them. Happy trading Dale
by Trader_Dale