BTC/USD: a trade idea

BTC/USD: a trade idea

Trade idea

SELL 11,100; TP1 10,800; TP2 10,400; SL 11,300

After its peak at the end of June, BTC/USD has been constantly forming lower highs and making significant legs to the downside. The cryptocurrency met resistance at the 61.8% of the 2017-2018 decline in the $13,500 area. Bitcoin is very volatile and the odds are that it will test lover levels at $11,120, $10,800, and $10,400.  

BTCUSD h4.png

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NZD/JPY: watch the resistance

NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.

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