Bitcoin is going through a downside channel from 05/05 breaking the bullish trend on 07/05 and on 11/05 breaking the support level at 8900 and on the same day the price of the pair is trading under the 200 MA (chart 4h), the price go to test the moving 200 was repeated twice on 13/05 and 14 / 05 and could not break it up after several trading sessions failed to rise in price, which led to the emergence of sales on the Bitcoin, which led to the price drop from 8700 to the current 8150, which formed a fracture of the new trend in yellow 15/05 .. Break the yellow area will see test of the zone bitween (8100-7900). if he close below it awe expect to visit 7600 and 7350 zones).
We watch the price and movements in the red zone if given a good buy signal we enter with targets 8300 and 8700. Other wise should wait for the price movement and the future signal and follow the news.
(Do not forget to do your own analysis)
We watch the price and movements in the red zone if given a good buy signal we enter with targets 8300 and 8700. Other wise should wait for the price movement and the future signal and follow the news.
(Do not forget to do your own analysis)