Will BITCOIN continue to rise? Where is the best place to buy?
Updated
BTC has benefited from the interest rate decisions lately and managed to receive the money flow coming from the currencies that has lowered their insterest.
BUT since late June price action is showing signs of a down trend.
We anticipate that 9000 level will not hold the price and it will eventually get under it.
If the price manages to break the 9000 support best place to buy will the the horizontal channel at 8500-7200 mark.
It is hard to foresee the exact buying plan at that area for now but we know where to buy for now.
See you when price gets there.
Thank you for supporting our analysis team with your likes and comments.
Good luck, cheers.
BUT since late June price action is showing signs of a down trend.
We anticipate that 9000 level will not hold the price and it will eventually get under it.
If the price manages to break the 9000 support best place to buy will the the horizontal channel at 8500-7200 mark.
It is hard to foresee the exact buying plan at that area for now but we know where to buy for now.
See you when price gets there.
Thank you for supporting our analysis team with your likes and comments.
Good luck, cheers.
Comment
Proceeding as plannedTrade closed: target reached
We've reached our destination. so many of traders didn't agree that BTC will fall this far but here we are. We'll start to long after the trend changes. Cheers.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.