Fundamental: Bitcoin suddenly soared this week as global markets had their worst day this year, rising more than 20% in the last seven days and jumping more than $500 per bitcoin in a matter of minutes on Monday night, only to fall back again. As trade tensions flared and the Chinese yuan fell, investors flocked to “safe-haven” assets like gold and U.S. Treasures.
Technical: The cryptocurrency declined weeks ago after ceiling on the yearly high and going below the psychological level of 10000.0. On a falling average daily volume traded, bitcoin's third attempt to settle at the supply level and test the yearly high failed, creating a lower highs channel and confirming a bearish pressure. The upcoming bearish trend seems weaker because of the lower volume however gives more room for another test of 10000.0 level.
Advise: Stay Bearish and sell any high points while we don't break upward 12000.0 with a target @10000.0 or below.
Technical: The cryptocurrency declined weeks ago after ceiling on the yearly high and going below the psychological level of 10000.0. On a falling average daily volume traded, bitcoin's third attempt to settle at the supply level and test the yearly high failed, creating a lower highs channel and confirming a bearish pressure. The upcoming bearish trend seems weaker because of the lower volume however gives more room for another test of 10000.0 level.
Advise: Stay Bearish and sell any high points while we don't break upward 12000.0 with a target @10000.0 or below.
Nota
Now at breakeven. We are eager to close the trade at 10,000$.Dagangan ditutup: sasaran tercapai
3:1 reward risk reached.
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.