Bears Domination for Bitcoin
Updated
Hello, Traders!
Monfex is at your service and today we overview.
BTC resistance is in the zone of ~ $ 8,020. The last local support and demand zone. So, from the support zone Bitcoin can go to the 50% Fibonacci level ~ $ 8,100. But bears seem stronger and level of 127,20% Fibonacci - $ 7,500 more likely to reach.
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 resistance is in the zone of ~ $ 8,020. The last local support and demand zone. So, from the support zone Bitcoin can go to the 50% Fibonacci level ~ $ 8,100. But bears seem stronger and level of 127,20% Fibonacci - $ 7,500 more likely to reach.
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.
Note
Trade closed: target reached
second scenario reached the target of $ 8,100 , broke the resistance of the channel
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