As we had assumed in the previous review, the point of $ 10’000 became a local peak.
Bitcoin fell to $ 7’000 not reaching the previous bottom of $ 6’500.
Yesterday growth and bulls’ takeover on the daily chart let us suggest the stop of decline and the rise to at least $ 8’000. Within medium-term consolidation the rise to $ 9’000 is likely too. At the same time, while the rate is below decreasing low-moving average of weekly chart (today it is a bit higher than $ 9’000), the further decline is more likely. That is why we advise to take advantage of the rate growth to the zone of $ 8’000 - $ 9’000 to open short positions. Stop above $ 10’000. The first target is $ 6’000.
Wish you profitable deals!
Follow our reviews!
Bitcoin fell to $ 7’000 not reaching the previous bottom of $ 6’500.
Yesterday growth and bulls’ takeover on the daily chart let us suggest the stop of decline and the rise to at least $ 8’000. Within medium-term consolidation the rise to $ 9’000 is likely too. At the same time, while the rate is below decreasing low-moving average of weekly chart (today it is a bit higher than $ 9’000), the further decline is more likely. That is why we advise to take advantage of the rate growth to the zone of $ 8’000 - $ 9’000 to open short positions. Stop above $ 10’000. The first target is $ 6’000.
Wish you profitable deals!
Follow our reviews!
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.
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.