| This is a follow up to a trade idea discussed and monitored on: https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-and-trade-idea-follow-up-respect-the-20-day-ema/ A pullback now should touch the 20EMA on the BTCUSD daily timeframe. This isn't the first time the price has touched the 20 EMA, as the video shows. Previous pullbacks crossed it down. This pullback that missed it is significant. We wouldn't adjust trade if not. This pullback should have reached a key price magnet, as it did before, and the fact that it hasn't shows that bulls are eager to buy. Or early short covering or institutional sellers may not let short sellers reach that price target to shake them out. A technical sign raises doubts about our short trade. |
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