KYRREX ANALYTICS 02/07/2020 | BTCUSD. Short-term short

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Dear friends! The KYRREX project is with you, and today we would like to draw your attention to the BTCUSD pair.

Based on the analysis of market impulses, we may state that the wave of the last impulse ended and brought the price of Bitcoin to the level of 9834. This level tried to be forced on large volumes, but the bears “persistently hold their position”. After the retest, there is a rebound and decline in trading volumes. This situation may turn out to be the beginning of the downward movement after the distribution stage under the indicated level.

In the short term, there are two nearest targets:
1st - Level 9450
2nd - Level 9365

Continued development of the situation will be covered in our next publications. Do not miss!
We wish you success and good trades - follow us on the air!

* All KYRREX publications are made solely for informational and / or marketing purposes and should not be construed as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account goals and situations of a particular trader in its analytical publications and is not responsible for any loss as a result of investment based on published analytical materials.


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