I see three possibilities on this assets after RSI confirms a reversal on
BTCUSD
1. Price will continue down and touch the previous support line then bounce back up to the new resistance forming a new lower high, after which it will rally down to the indicated target at the 3538 area. (remember, structure always leaves clues)
2. Price will continue to rally down from current level forming lower highs all the way to the 3538 target area.
3. Price will rally down respecting the new downtrend parallel channel all the way to the 3538 target area.
!! You know the rule, risk only 2% of your capital unless you are hedge fund manger with inside info :) !!!
BTCUSD
BTCUSD
1. Price will continue down and touch the previous support line then bounce back up to the new resistance forming a new lower high, after which it will rally down to the indicated target at the 3538 area. (remember, structure always leaves clues)
2. Price will continue to rally down from current level forming lower highs all the way to the 3538 target area.
3. Price will rally down respecting the new downtrend parallel channel all the way to the 3538 target area.
!! You know the rule, risk only 2% of your capital unless you are hedge fund manger with inside info :) !!!
BTCUSD
