The price of BTC continues to decline within the descending momentum. Now it is fashionable to publish information about mass liquidations of traders' positions and, in general, liquidation is an excellent tool for market makers to write off liabilities and generate profits for exchange and brokerage institutions. Paying attention to the news feed, one cannot...
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Bullish Count of Wave , Break of this channel lead to new Low
Bitcoin price is in an uptrend since the starting of the year, recorded over 40% price growth. Currently, Bitcoin is moving in a clear uptrend channel highlighted on the chart. Channel resistance is sitting at just above 10200$ and support of this channel is at just below 8800$. Bitcoin is currently trading above 9200$, above all Four Key Moving averages:...
btc usd long trade Entry: 8130 Target: 10500 SL: 7670 R:R 5.15