As we all know, we have been having a bearish momentum on cryptocurrencies for a while now. Here is today's analysis, the market is currently at 19,700 USD, USDT 19,800. The price is likely to get to 20,300USD before another bear set in. We should be expecting a Take profit around 12,500USD, 12,700USDT.
BITSTAMP:BTCUSD
Disclaimer: This is for educational...
Currently, the market is in consolidation phase, any breakout in either of our trendline would tell us if it will be bearish or bullish. we are expecting a bullish market.
Whilstwaiting for the News. On 4hrs timeframe the EUR/USD has reached our first major resistance zone. A positive NFP indicates Strong USD while a Negative NFP means a weak USD. We are expecting a sell.
In Today's Analysis, we have seen that the candle has reached the major support levelon daily timeframe, also the candle has broken our first resistance level thereby setting our take profit to be an uptrend between 1.11800 and 1.12000 before any downtrend can occur. Likewise, Our Fundamental analysis gave us a positive value, Thanks
Using Fundamental analysis, we can actually see we are having a strong dollar against all other currency pairs. So, we should be having a downward trend in our analysis
We should be expecting more bearish movement based on fundamental analysis release this morning. Please note, further movement also depends on cad news. Thanks
