MarxBabu

BITCOIN CRYPTO BTCUSD XBTUSD BTCUSDT Trap Long Signal ShortShort

Short
BITSTAMP:BTCUSD   Bitcoin
Closely watching the price move of the concurrency.
For sure in the current move all must have decided to go for long thinking that price will long for 1000,2000 points in a day.

Be carefully look at the price and the price action here .

Let me first take the LongBuyLongSellindicator Based analysis..

  • Price have become black candled to Blue candle which is a sign of Long however the strengthmeters of LongBuyLongSellIndicator did not confirm this is a good buy at this level.

  • Closely look at the Blue line of ADX this shows that price is likely to move down as the Red DI - line is dominating . I am sure there is still a fall in place for the major crypto currency

Side ways or lower closer upto 6600 is once again expected . The rhythm shows it is fall not bull ,cautiously trade .


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