AlexanderKlinkov

Bitcoin - False breakdown ?

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good afternoon, traders! Less than 12 hours left before the week ends!

Lateral movement continues in a very narrow range, usually the longer the range narrows, the stronger the movement.

Key levels: Resistance 9800, 10500. Support 8600, 7600, 7200.

Price Action: If the price remains below 9800, we will see the fixation of false breakdown on the weekly chart.

Trading idea: Gradually gaining shorts at the levels of 9600-9800, I expect a fracture of the growing trend. Stop 10500.

My last review of June 2 here:

Like it, I will be very pleased!
Zeal is the mother of luck

Yours faithfully,
Klinkov A

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