EYFMarkets

BTCUSD Idea Update.

BITSTAMP:BTCUSD   Bitcoin
G'day, guys.

Today we going to analyse BTCUSD (BITCOIN)

Generally, BTCUSD is currently looking for a previous Daily Trendline after breaking the Hour / 4hours trendline.

What we see here, this price reaching the key level zone (41k to 39k) for the second time to create confirmations either this pair start to bullish or continue to reenter the sideway zone. From our experience, the breakout will be happen very soon. We close monitoring this to take advantage on the next movement.

We not rushing to trade here, the best and the manageable risk we can handle once the price makes solid confirmation on Key level zone. For now, we are most likely to wait and monitor this pair.

Here are some of the daily analyses that we are able to share.
Let's see what gonna happens next.

Cheers

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