MEX_Exchange
看多

Bitcoin on major support, time to play an intermediate bounce

BITSTAMP:BTCUSD   比特幣 / 美元
Buy above 12948. Stop loss at 11965. Take profit at 14250.
Reason for the trading strategy (fundamentally):
Investors are getting spooked especially with news that South Korea might potentially ban the trading of cryptocurrencies via exchanges in the nation. This is largely due to the Korean government mulling its options for curbing what is seen as excessive speculation in the crypto markets. They have even raided bitcoin             exchanges such as Bithumb and Coinone with police and tax office officials recently amid investigations into tax evasion. All this has led to the shaking of investor’s confidence and hence the price decline.
Reason for the trading strategy (technically):
Price has continued to drop strongly and is now testing major support at 12948 ( Fibonacci extension , horizontal swing low support) and a bounce could occur at this level to pose a temporary recovery to at least 14250 resistance ( Fibonacci retracement , horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support at 9.7% where a corresponding bounce could occur.

https://telegram.me/fxtradingroom --> join the waiting list for our free live trading room!
Hi, do you have an idea for the next move? You were very accurate on this one. Would love to know your next step opinion
回覆
spot on, follow
回覆
繁體中文
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在追蹤 私人訊息 在線聊天 登出