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Forex
Discussion forum for Forex traders - all forex pairs
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By BitcoinExchangeGuide · Posted
Bitcoin Price Prediction: Long-term (BTC) Value Forecast – July 20 BTC/USD Long-term Trend: Ranging Resistance $10,500, $11,000, $11,500 Support levels: $10,000, $9,500, $9,000 The BTC/USD pair had been trading in the bearish trend zone after facing resistance at the $13,000 overhead resistance level. On July 10, the BTC price reached a high of $13,000 but was resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. In the previous resistances, the price fell within the bullish trend zone. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level. On the other hand, if the bulls fail to break above the EMAs. the crypto's price will commence a range bound move below the EMAs,Meanwhile, the MACD line, and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research Source: https://bitcoinexchangeguide.com -
The only thing I'd disagree with is "compared to a trend following approach." Many Ultra systems were fully or partially trend-following. And I haven't seen any trend-following systems (not counting over-optimized with little real-time exposure ) that have worked very well over the last 15 years. The only one I use is a simple one with a very unique filter (not found in Ultra or anywhere else to my knowledge). But the UltraFS systems are as good as any of the trend-following strategies I'm aware of. -
I pefer to consider how decisive the candle is when looking at the market sentiment at that exact moment. I think it's a more reliable source of information. -
By freetrading · Posted
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Very long time since I made last post. Thought about posting one chart. Stock name is masked intentionally as I am having position. My views may be biased. My way of viewing chart. Chart is self explanatory
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