THELOGICALINDIAN - OK thats addition day done in the bitcoin amount and were array of in a agnate position appropriate now as we wereearlier this morning That is amount hasnt absolutely confused that abundant throughout the affair and as such we havent been able to get in or out of the markets in any intraday positions according to the rules of our strategy
Our key focus this morning was the 1000 collapsed level, and our expectations for amount affective in and about this level. We predicted that a breach would announce a appealing appropriate run, but that this breach was far from guaranteed, and that we ability not see it throughout the European accessible today.
As it turns out, these expectations were correct. What it agency now, though, is that the levels in focus for tonight’s affair are appealing agnate to those we were absorption on beforehand today.
Anyway, that’s not absolutely important. What is important is accepting the levels in place, and actuality accessible to move in to the markets as and when/if we get a signal. So, as ever, and afore we get going, booty a quick attending at the blueprint below. It’s got our ambit accent in green, and there are about twelve hours’ account of activity displayed.
As the blueprint shows, the ambit in focus for this black out of Europe (and above that, into the US afternoon affair and aboriginal Asia tonight) is authentic by abutment to the downside at 979 and attrition to the upside at 994. This is a little confused lower than this morning, but for all intents and purposes, we’re activity at the aforementioned entries.
If we see a breach aloft resistance, we will attending for a abutting aloft this akin to put us in continued appear an actual upside ambition of 1010. A stop accident on the barter at 990 defines risk. Conversely, a abutting beneath abutment will arresting a abbreviate access appear a downside ambition of 970. On this one, a stop accident at 983 defines accident nicely.
Charts address of SimpleFX
