BTCUSD made a 2018 new low today. Sell or buy more?
BitCoins (BTCUSD) is experiencing a new low in 2018 currently at the time when this forecasting report is being written. In fact, since 17 November 2017 when BTCUSD made an all-time high of 19666, we did not see another higher high. In fact, on 6 Jan 2018, BTCUSD made a lower high of 12735 and the question is whether there will be a new lower low to be formed.
Investors like you may be wondering this is the time to sell everything you have on BTCUSD or buy some more BTCUSD. From a technical outlook, the last low of 11160 on 22 December 2017 is critical and we will be watching this level very closely to see whether a potential double bottom is to be formed.
Based on our forecast, if this level (11160) could not provide any necessary support, we will be watching the next two levels - the first one being 8730 and the next level of support would be 6420. We will provide an update on BTCUSD regularly.
Good trading
NinjaSingapore
16 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Investors like you may be wondering this is the time to sell everything you have on BTCUSD or buy some more BTCUSD. From a technical outlook, the last low of 11160 on 22 December 2017 is critical and we will be watching this level very closely to see whether a potential double bottom is to be formed.
Based on our forecast, if this level (11160) could not provide any necessary support, we will be watching the next two levels - the first one being 8730 and the next level of support would be 6420. We will provide an update on BTCUSD regularly.
Good trading
NinjaSingapore
16 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Disclaimer
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