Direct from the desk of Dane Williams,
This is not your average forex broker blog.
BTC/USD Daily:
When Bitcoin halved in price at the peak of market Coronavirus panic, it took with it multiple support levels.
The intraday price action around those $4700 lows was textbook and I'm happy to hear that some of you made money trading my strategy down there.
You can now see that price has returned to retest one of those previous support levels, this time as resistance.
Once again, wait to see whether the higher time frame zone holds and then enter on intraday retests of short term support/resistance in that direction.
Best of probabilities to you,
Dane.
@forexbrokr | Hive Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr