Hello Friends, so here I am back again with today's analysis,
Here we are using the same setup as yesterday, MACD+VWP.
As we can see from the below mentioned charts in the 15 minutes time frame, we can see a possible upcoming downward MACD cross over which can be used as an opportunity to short #btcfuture s
Entry criteria's -
1) The MACD line (blue) should cut the signal line (red) from top.
2) Wait for a 3rd RED candle to form post this cross over.
3) The price should be trading below the VWAP line.
Note - Avoid taking a trade if these criteria's are not met. Also it is advisable to initiate the short position once at the price moves below 88000, as that's a crucial support zone for today.
Exit Criteria -
1) Once your target is achieved. Or
2) Once the MACD line cuts the signal line from below, signalling a trend reversal.
Disclaimer* – This is not an investment advise, these views are only shared for educational purposes. Please consult your financial advisor before making any investment decisions. The person sharing his/her views cannot be held responsible for any financial losses whatsoever.
