Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
How to trade BTC/USD?
2019-11-11 • Updated
BUY at 4310; TP 4495; SL 4230
SELL at 3940; TP 3775; SL 4000
BTC/USD rebounded from the 200-week MA at 3212. Bitcoin retraced 23.6% of its decline from November highs and may be up for more.
Daily moving averages are still declining, but the cryptocurrency still has some scope to rise until these lines will provide resistance. On H4, there are already positive signals from MAs, and on H1 there’s a stable uptrend.
Given all that, we think that there’s not enough evidence to buy at the support. The sound strategy is to wait for the 4300/4000 range to break and make a trade. You can be sure that you won’t need to wait for long.
A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!