BTCUSD (Chart above) (Bitcoin/US Dollar) is holding at 5370 or so at the time of writing as we enter the US session, as predicted. It is in fact dropping and we need to see if it gets past support at 3919.10 or so to continue bearish.
The dollar is showing strength, I have a EURUSD short on from this morning which is safe and 60 pips or so in profit. (Safe means that I have moved the stop inside the entry so the trade cannot lose money).
The indicator at the bottom of the chart I wrote myself which works around support and resistance. You can see the pair dropped away from the resistance line this morning.
BTCUSD update.
BTCUSD I am holding trading on although I’m buying Bitcoin at the moment in small amounts at these low prices rather than trading it.
Recommendations are short below 2919 or so or waiting to see if it holds resistance and goes back up. All the while there is dollar strength I’m staying out of this pair. May be interesting to look at when we hit the Asian session later on tonight but it’s Friday so no more trades placed till Monday and even then with great caution.
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