SuperForex

BTC/USD has found a support level

Short
BITFINEX:BTCUSD   Bitcoin
The price for Bitcoin has found a strong support level near the mark of 8,000 and came out of the corridor of 10-11k - the level of November 2017.
Given the fall in volatility for our pair, we can put a smaller Stop Loss and it is unlikely that our pair will reach the level of 9.000 in the near future. Also taking into account the fact that on the weekend the traditional exchanges do not work as well as the most traders, trading volumes will fall and many will want to fix profits. So in the evening you can expect a local price increase after which you can search for points to enter short positions. During the exit from the "bearish" market, when the price reaches the local maximum, there will be a good moment for taking short positions.
Good luck and profits to all.


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