Further correction on Bitcoin

in #bitcoin • 6 years ago (edited)

After the flat, the btcusd made a step-down and reached x-mark of SMA50 and SMA100. These MAs formed local support zone where the bounce could take place. It's possible to get such reversal from on 3600.00 level. If the price bounce at this support, the signal will be perfect to buy with the same tp as the privous trades had 4-4200$ at least fo a partial fix.

Breaking down the trend could open the road to the main support at 3000.00 which will provoke thee fail of the impulse structure It won't be good for all crypto enthusiasts who expect further growth.

RSI still seems overbought, so a fall could take place(still I guess not enough to go below 3k)
Let's see)

#btcusd #trading #cryptocurrency #tradingidea
6 years ago in #bitcoin by
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