Trade idea for a cheerful market
CNY/JPY is a good proxy for traders’ optimism. The technical setup for it is also quite interesting.
Bitcoin got hit by the news
Trade idea
SELL 10,450; TP 9,900; SL 10,630
Bitcoin has confirmed a top, closed below the 50-day MA at 10,921 yesterday and fell through all the key MAs on H4. The price is now urged back to the support line and 38.2% Fibo retracement at 9,780.
The US Securities and Exchange Commission (SEC) delayed making a decision on three bitcoin exchange-traded fund (ETF) proposals. The news put off the cryptocurrency’s rally: BTC will likely consolidate now.
Notice that with FBS you trade Bitcoin CFD.
Elizabeth Belugina
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Trade idea for a cheerful market
CNY/JPY is a good proxy for traders’ optimism. The technical setup for it is also quite interesting.
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