FXHighway

BTC: Chances to recover

Long
BITSTAMP:BTCUSD   Bitcoin
3
Target: 500.00
Risk: 210.00

Technical Reasons:

Recent positive trading and forming an inverted head and shoulders’ pattern on the intraday time frames, and the confirmation will be by breaching 280.00 level.

Rise at the bulls’ power indicator, but some fluctuation might be valid affected by stochastic negativity and the negative pressure coming from the exponential moving average 50.

Breaching 340.00 will provide the most important positive key to rally upwards on the longer term.


www.fxhighway.com
www.facebook.com/fxhighwaycom/
twitter.com/
plus.google.com/1054...15961677289743/posts

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.