FortFS

BTCUSD 10.06.2019

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar



Daily chart:

ADX indicator readings remain in the area of flat forecast. Thus bitcoin probably will keep the trading range within the lower Bollinger bands (7302-8100).


H4-chart:
We note the presence of strong support at the region of lower Bollinger band (7553), where bulls may threaten the resistance 8100 and its break could have a potential of reversal signal.

H1-chart:

Intraday growth potential is limited by the dynamic resistance 8100. We can consider short-trades from this level towards 7553.


Expectations:

So, we expect touch of the 8100 zone and following decline of the quotes in direction 7553.

Trading recommendations:

Shorts from the 8100 level towards 7553.

Comments

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