Hello, Traders! Monfex is at your service and today we overview Bitcoin.
Now we see clear falling wedge inside this descending channel, and a triple bullish divergence by RSI that can push the price to the resistance zone and main trading volume range.
The resistance zone ~ $9000-9100
The support zone ~ $8665-8500
Supposed Trade Signal by BTC/USD
Buy near $8600-8500
Take profit ~ $9000
Stop loss at $8435
Market Cap $157 583 137 620 USD
Volume (24h) $19 403 351 417 USD
Circulating Supply 18 043 475 BTC
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.