Hi, Traders !
Monfex is at your service !
Take a look at our Update on Bitcoin:
* The battle between bulls and bears is unfolding around $8,000 level as we predicted.
* There is a broad accumulation around $8,000 pointed out on the Chart. It obviously stands out for the preservation of the bullish tendency.
* Bears need to put forth tremendous effort to break below the specified area.
* In general, the situation is very tricky. But we suppose, at least in the short run, that the odds should be in favor of bulls. Though, it is going to be a really desperate fight.
Which button do we hold the trigger at?
* We hold both. There are a lot of support for bulls at current levels. For that reason, we are trying to speculate from $8,000 anticipating the price testing the lower band of the broken triangle. Tight stop-losses are applied.
* Should the price break below, we will immediately switch to Shorts targeting $4,000 - 5,000 area.
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 cryptocurrency or cryptocurrency product. 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.
Monfex is at your service !
Take a look at our Update on Bitcoin:
* The battle between bulls and bears is unfolding around $8,000 level as we predicted.
* There is a broad accumulation around $8,000 pointed out on the Chart. It obviously stands out for the preservation of the bullish tendency.
* Bears need to put forth tremendous effort to break below the specified area.
* In general, the situation is very tricky. But we suppose, at least in the short run, that the odds should be in favor of bulls. Though, it is going to be a really desperate fight.
Which button do we hold the trigger at?
* We hold both. There are a lot of support for bulls at current levels. For that reason, we are trying to speculate from $8,000 anticipating the price testing the lower band of the broken triangle. Tight stop-losses are applied.
* Should the price break below, we will immediately switch to Shorts targeting $4,000 - 5,000 area.
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 cryptocurrency or cryptocurrency product. 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.
