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BTC 2020.01.01 (Audience: Trader)
Audience: Trader
Risk Amount: .05% to 1.5%
Entry Price(s): 7100
Risk to Reward Ratio: 2.22
Publication: Free Analysis (Promotional)
Author: MKSara.com
Ticker: BTC
Description: Bitcoin
Type of Analysis: Technical
Source of Analysis: Price Action 24 Hour Candlestick
Trend Analysis: Downtrending
Trend Velocity: Negative deceleration
Current Price: 7142
3 Day Forecast: 6600
Price Range : 7235 to 6600
Conclusion: Downtrending but no longer negative acceleration, and in fact showing signs of negative deceleration. Far from turning into positive acceleration as price action fails to break above resistance at 7900
Risk Amount: .05% to 1.5%
Entry Price(s): 7100
Risk to Reward Ratio: 2.22
Publication: Free Analysis (Promotional)
Author: MKSara.com
Ticker: BTC
Description: Bitcoin
Type of Analysis: Technical
Source of Analysis: Price Action 24 Hour Candlestick
Trend Analysis: Downtrending
Trend Velocity: Negative deceleration
Current Price: 7142
3 Day Forecast: 6600
Price Range : 7235 to 6600
Conclusion: Downtrending but no longer negative acceleration, and in fact showing signs of negative deceleration. Far from turning into positive acceleration as price action fails to break above resistance at 7900
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