Bitcoin Range
Updated
Hello, Traders!
Monfex is at your service and today we overview BTC/USD.
What do you expect from Bitcoin ?
BTC near the support line of this bearish formation and we see a local resistance and support zones.
A local resistance(the dark zone) ~ $ 8200 - 8150
A local support(the green zone) ~ $ 7950 - 8000
Indicators more negative and going to the neutral mood.
Have 2 target zones by breakout one of the local levels:
The long target zone ~ $ 8500
The short target zone ~ $ 7700 - 7500
What do we do now?
Wait for some of the breakouts. Bulls can still fight for their goals, but bears globally in a domination position.
*Market Cap
$146 059 994 746 USD
*Volume (24h)
$14 382 426 702 USD
*Circulating Supply
17 998 175 BTC
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. 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 and today we overview BTC/USD.
What do you expect from Bitcoin ?
BTC near the support line of this bearish formation and we see a local resistance and support zones.
A local resistance(the dark zone) ~ $ 8200 - 8150
A local support(the green zone) ~ $ 7950 - 8000
Indicators more negative and going to the neutral mood.
Have 2 target zones by breakout one of the local levels:
The long target zone ~ $ 8500
The short target zone ~ $ 7700 - 7500
What do we do now?
Wait for some of the breakouts. Bulls can still fight for their goals, but bears globally in a domination position.
*Market Cap
$146 059 994 746 USD
*Volume (24h)
$14 382 426 702 USD
*Circulating Supply
17 998 175 BTC
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. 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.
Trade active
add the resistance zoneNote
Trade closed: target reached
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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.