BTCUSD - Daily Chart - Short Algo Covers, Bull Long

21 May 2020

Still looking for small selling but the short algo covers on a relatively small winner. The fact that algo covered at a small level (404 points) is indicative of a volatility slowdown and lower targets on both trades. The bull Algo went long this AM at 9335. Both Daily algos are in "on" mode which means that the success of the trades jumps from the 60%s to the low 80%s.. NOTE. I Will not be updating algo trades real time. I use the algos as a way of getting a systematic analysis of price action with a consistent approach that is the same each time. This is the point of posting