Bitcoin: First Down than Up ***
Hi, Traders !
Monfex is at your service !
Evening edition of Bitcoin's chart analysis:
* Bears are slightly pushing the price down, though doing that strictly within the bullish buying range.
* We do not reject the option of the price hitting $7,700 for the third time and this way shaping up the triple bottom pattern.
* Until the price breaks below $7,700, Bulls are in control of the situation.
* RSI sticks to a Neutral condition indicating that the consolidation phase may protract.
Short-term trading strategy
* Wait until the price descends to around $8,000 or even lower - to $7,800 - $7,700.
Buy from $7,700 - $8,000.
Target: $9,500.
Stop-loss: $7,600.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service !
Evening edition of Bitcoin's chart analysis:
* Bears are slightly pushing the price down, though doing that strictly within the bullish buying range.
* We do not reject the option of the price hitting $7,700 for the third time and this way shaping up the triple bottom pattern.
* Until the price breaks below $7,700, Bulls are in control of the situation.
* RSI sticks to a Neutral condition indicating that the consolidation phase may protract.
Short-term trading strategy
* Wait until the price descends to around $8,000 or even lower - to $7,800 - $7,700.
Buy from $7,700 - $8,000.
Target: $9,500.
Stop-loss: $7,600.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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