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Bitcoin

No Trade Zone for Now

Di Rule72
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Lets ave a snooze
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Structure was broken so questions are rightly being asked. 12 100 down beyond current low - 11 350, is a no-trade-zone at the moment. Big, I know, but things need to resolve themselves and getting in or out now would be emotionally charged.
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Easy for me to say as I am down to half my normal position size. Well that, as every move, gets balanced with risk to reward as my buy would be higher if BTC breaks out.
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Futures closed around 11 700 so keep that in mind - there might be a buck made around this fact but my size allows me more space to allow resolution.
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The order books would be exhauseted for now.

Conclusion: I am waiting to buy and sell above 12 100 and buy strength below 11 350
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Please like and follow: I only need a score above 10 to be able to give you my thoughts in a more coherent form. Please do so and you will get the picture.
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Many thanks SatikAdvise
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You go bohous
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Ta sumit_cruiser
FibonacciSupport and ResistanceTrend Lines
Rule72

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