BTCUSD: Current market review

in #trading6 years ago

Hi everyone !

Here is my current review of BTCUSD market.

D1 Chart:

pobrane (1).png

The market could not push below 3000.00 and bounced from strong support. From the daily chart view, the price can travel up to 5000.00, where the next strong resistance appears to be.

H4 Chart:

pobrane.png

On the 4h chart, the price is near intermediate support and can bounce back to test the 3500.00 area.

The market still can move below 3000.00 support. Starting a new sideways movement between 3000.00 and 5000.00 levels is more possible tho. We need to wait and see how the price will act.

Disclaimer

Trading and investing in cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on) involves substantial risk of loss and is not suitable for every investor. The valuation of cryptocurrencies and futures may fluctuate, and, as a result, investors may lose more than their original investment. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.

Any content in my publications should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee.

Im not responsible for any losses incurred as a result of using any of my trading strategies. Loss-limiting strategies such as stop loss orders may not be effective because market conditions or technological issues may make it impossible to execute such orders. Information provided in this publication is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

Sort:  

Congratulations @raphaelcrypto! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 10 upvotes. Your next target is to reach 50 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

Thank you for using Resteem & Voting Bot @allaz Your post will be min. 10+ resteemed with over 13000+ followers & min. 25+ Upvote Different account (5000+ Steem Power).

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 59933.20
ETH 3191.47
USDT 1.00
SBD 2.44