Bitcoin broke three days of support at $7099
Today, as you have all seen, Bitcoin broke three days of support at $7099 and the price went down below $7000 and at the time of writing this post BTC is trading in the range $6868 - 6962. According to our observations, this happened as yesterday’s on the 1H chart at the bar from 12:00 UTC the bulls was not so strong at such a large volume, as a result of which the bears took the initiative to their side and showed a good result at 5:00 UTC, updating the local minimum in the last three days.
Our expectations for the near future for bears to fix the price below $6876 and to see further fall to $6600 - 6500 levels.
If you plan to invest in Bitcoin, so far we recommend to refrain from doing so. Based on the results of closing the price of this week we will be able to advise you at what price ranges you can start laddering your buy orders. But those who trade margin can earn on the signals in our VIP channel.
GOLDMAN HILLS TRADING is created by a group of independent traders to help you to start trade stocks and different instruments safely and profitably on exchanges as well as advice on investment in short and long term.
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Trading signals, support for transactions and investments are available in our Telegram VIP channel.
Have a nice day!
Our expectations for the near future for bears to fix the price below $6876 and to see further fall to $6600 - 6500 levels.
If you plan to invest in Bitcoin, so far we recommend to refrain from doing so. Based on the results of closing the price of this week we will be able to advise you at what price ranges you can start laddering your buy orders. But those who trade margin can earn on the signals in our VIP channel.
GOLDMAN HILLS TRADING is created by a group of independent traders to help you to start trade stocks and different instruments safely and profitably on exchanges as well as advice on investment in short and long term.
Daily market reviews, news and other information are available for FREE in our Telegram channel!
Trading signals, support for transactions and investments are available in our Telegram VIP channel.
Have a nice day!
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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.
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.