PeteWebber

Possible test of 16000 and further downside

BITSTAMP:BTCUSD   Bitcoin / Dolar
Dilihat 275 kali
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Strong downward correction halted at trend line and previous support around 13000. Showing impulsive/corrective moves with bears in control. If it gets back to 16000 the previous support level could act as resistance this time also meeting the 20/50 EMAs which could push it down. Hard to tell with the volatility of the fundamentals but technically this is a familiar pattern of trend change or at least start of a choppy sideways corrective phase or range for the short/medium term. It it breaks further technical levels are around 10800 and 7500. This is a largely fundamentally driven market but it can't be denied that technical levels and patterns are absolutely in play here. If the futures traders and institutions have managed to take control of spot price then expect all kinds of fun and games - especially if you're on a CFD             platform with stops that they know about.
Komen: Approaching 16000 previous support area - will be interesting to see if it pushes through or bounces for another leg down or some consolidation.
I realize that question might have been inappropriate. Dont feel obligated to answer, I was mainly interested if there was a reputable broker now offering it. All the places I have seen the offer CFDs for bitcoin have appeared to be shadey at best.
Balas
Thumbs up from me, nicely said. I was wondering tho, where are you trading CFD for bitcoin?
Balas
PeteWebber DanielBeasley
@DanielBeasley, I have a UK spreadbetting account with GKFX but they do a CFD account as well. Most FX brokers have BTCUSD. I'm not trading crypto on that account though, I'm hodling all my coins currently.
Balas
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