New great day started with XAU long +17.72%
It was made in 2 trades, same idea like for BTC: bounce from 8 EMA low using main direction.
What we see here? It is not London open yet.
1m: Price goes down a little from daily open (white line). It is 3rd wave of bounces.
1H: Price hit 8 EMA low, but the main trend is up.
Crypto trades:
BTC short +0.05%. The volume is low. All timeframes till 6H are bearish. 6H still bullish and 200 EMA hold the price. In this case it is 50/50. I think it will bounce back and will go higher. But if it will go under 200 EMA there is huge chance of panic sale. So I'm watching only 1-4H TF for long (reverse) and 6H for shorts. It is better to stay in 1x leverage short to earn funding and wait.
UPD:
Long XAU +0.65%
Long XAU +1.26%
Long XAU +0.78%
Long XAU +1.35%
Long XAU +1.01%
If not that crypto loss about 35% then I doubled my equity on this week


It was made in 2 trades, same idea like for BTC: bounce from 8 EMA low using main direction.
What we see here? It is not London open yet.
1m: Price goes down a little from daily open (white line). It is 3rd wave of bounces.
1H: Price hit 8 EMA low, but the main trend is up.
Crypto trades:
BTC short +0.05%. The volume is low. All timeframes till 6H are bearish. 6H still bullish and 200 EMA hold the price. In this case it is 50/50. I think it will bounce back and will go higher. But if it will go under 200 EMA there is huge chance of panic sale. So I'm watching only 1-4H TF for long (reverse) and 6H for shorts. It is better to stay in 1x leverage short to earn funding and wait.
UPD:
Long XAU +0.65%
Long XAU +1.26%
Long XAU +0.78%
Long XAU +1.35%
Long XAU +1.01%
If not that crypto loss about 35% then I doubled my equity on this week



Attached Image
Observer effect
2