Hello, Traders! Monfex is at your service and today we overview BTC/USD.
What do you expect from Bitcoin ?
At the moment, BTC are in the volume and price resistance zones. RSI with a bearish divergence short-term, but with more bullish divergence and an uptrend, which convinces us to look more towards the bulls. The possible formation of the double bottom and the target for it you see by this chart. In the next few hours, it is expected to return to the local support area ~ $8.100 and a rebound from it to implement the pattern.
What do we do now?
Active Trade Signal by BTC/USD - Buy near $8,100 - 8,050 - Take profit $8,775 - Stop at $7,860
Share your thoughts, ideas about the market under the chart.
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
***BUT*** 8360$ should fall or no actual confirmation. And we don't want to go sideways here ...