Good evening friends,
The price has left the channel above 7160 and has been holding for the second day. According to my algorithm, it's time to look for entry points to the long. Perhaps the latter before halving.
My market expectations this time are very idealized. Do not judge strictly. But it would be great to see a slight correction to the nearest margin zone, which is located in the region of 7250-7310. And just when the concentration of prices in this range of small volume go into the long. I emphasize that a small volume. The deal is risky, because the global trend is short. I also adjusted the goals a little: 7800 and 7950. I’ll put the stop at 7150. The risk / profit ratio is about 5 to 1, which is very good.
I also want to pay attention to such a moment. Since it is now a weekend, in case of correction to 7250-7310 by Monday, there will be a small gap on the CME. And as we know in most cases, according to statistics, such GAPs are closed. This factor increases the chances of success of this idea.
Once again I want to remind you that this is my vision of the market, my point of view. And I don’t call anyone for action.
All profit and good luck.
the graph shows:
Shopping area
Goal 1
Goal 2
Stop
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