BTCUSD – Let's see first sellers how much power they still have
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BTCUSD – Let's see first sellers how much power they still have
Trend: Buy/ Neutral
At the moment: Sell/ Neutral
Price now: 8642.55
Support/Resistance:
R2: 10307.74
R1: 9106.68
S1: 8001.05
S2: 7593.96
S3: 7266.36
S4: 6555.78
S5: 5771.10
Price action:
For this potencial trade idea it is better to wait for more data then we have now. Bitcoin price is stucked between overall bullish perioud and recently sell, which presents more neutral chart then potencial trade idea for now.
Price broke the Channel and bounced from it. If the price will break 9106.68 resistance level and hold above, then we can follow next bullish target to 10307.74 level.
If the price will go down below Bitcoin channel, then we have to see Bearish retracement at deeper buyers support. First Bitcoin buyers support is at 7593.96 level and second at 7266.36 level. If buyers will not show performance at these levels, then sellers has open era to first target at 6555.78 and second target at 5771.10 level.
BTCUSD Potencial trade idea:
Bulls targets:
T1: 8200
T2: 9106.68
T3: 10307.74
Bears targets:
T1: 6555.78
T2: 5771.10
NOTE – We are trading BTCUSD via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
Use our free analysis where you have everything you need for potencial trade ideas and profit.
BTCUSD – Let's see first sellers how much power they still have
Trend: Buy/ Neutral
At the moment: Sell/ Neutral
Price now: 8642.55
Support/Resistance:
R2: 10307.74
R1: 9106.68
S1: 8001.05
S2: 7593.96
S3: 7266.36
S4: 6555.78
S5: 5771.10
Price action:
For this potencial trade idea it is better to wait for more data then we have now. Bitcoin price is stucked between overall bullish perioud and recently sell, which presents more neutral chart then potencial trade idea for now.
Price broke the Channel and bounced from it. If the price will break 9106.68 resistance level and hold above, then we can follow next bullish target to 10307.74 level.
If the price will go down below Bitcoin channel, then we have to see Bearish retracement at deeper buyers support. First Bitcoin buyers support is at 7593.96 level and second at 7266.36 level. If buyers will not show performance at these levels, then sellers has open era to first target at 6555.78 and second target at 5771.10 level.
BTCUSD Potencial trade idea:
Bulls targets:
T1: 8200
T2: 9106.68
T3: 10307.74
Bears targets:
T1: 6555.78
T2: 5771.10
NOTE – We are trading BTCUSD via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy