Everything is ok, we except a pullback to 52-53 Area and after that we have another wave to 87 level. There is a little chance that 52 level will be broken but we must see the price reaction to that area. Another thing to mention here is that news about china banning bitcoin or mining and etc is old news but they use it to impact the market so do not panic sale, just if you trade on short term buy at critical support and sell at critical resistant area and if you are a holder just hold it , correction is always a part of market and a chance to get a discount. Good Luck
Comment:
Everything is ok, we expect a pullback to 52-53 Area and after that we have another wave to 87 level. There is a little chance that 52 level will be broken but we must see the price reaction to that area. Another thing to mention here is that news about china banning bitcoin or mining and etc is old news but they use it to impact the market so do not panic sale, just if you trade on short term buy at critical support and sell at critical resistant area and if you are a holder just hold it , correction is always a part of market and a chance to get a discount . Good Luck
Comment:
BTC nicely hit the first zone, wait for the price to close above 58-59 level then you can long it for 87 level. but if the price break the zone and that is unlikely, we can set our buy stop at 39-40 level.