Daily Focus: BTCUSD (22/8/2017)

in #btcusd • 7 years ago (edited)

Trading analysis on Bitcoin, giving you a clear view on how to go about trading this digital coin.

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Here is what’s going on:

  • Volatility rise.
  • $3793 support zone; the price has quickly bounced off this level .
  • $4128 resistance zone; it does look strong, since there’s been clear retest.

The price continues in the channel, there’s been no signals for reversal. A break below the $3793 support zone might signal an opportunity for a sell trade. The $4128 resistance zone is an important point. If $4128 turns breaks then the rally resumes.

  • For short term speculators the best recommendation for now is watch for break of both Support/Resistance levels and trendlines of the market.

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Also Be Sure To Check My Last Article By Clicking The Image Below :)

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Twitter - @siftweir
www.siftweir.com

#bitcoin #trade #analysis
7 years ago in #btcusd by
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     7 years ago 

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