As trader you have to consider all the possible moves the market can take. In our BTCUSD case we do expect the BTC to weaken against the USD. However we will read the candlesticks around areas of importance before taking appropriate action.
This is just our view, idea and for educational purposes and should not be considered as an instruction to buy or sell the underlying symbol. Make sure to get well educated on trading concepts before attempting to trade the live markets.
Happy trading
This is just our view, idea and for educational purposes and should not be considered as an instruction to buy or sell the underlying symbol. Make sure to get well educated on trading concepts before attempting to trade the live markets.
Happy trading
Comment:
Will we see a break and a drop to 17946? well it seems the bears are currently in control on this pair, however we know form experience that Cryptos can suddenly start moving and massive moves as whales get back in or out of the game. Personally I believe it all depends on the marketing of Bitcoins, lately thousand of emails are circling that Bitcoin is a great buy opportunity NOW!! this might force the people without the "know-how" to start streaming to Bitcoin in order to make a quick buck.
Comment:
Well Well, is the whales getting back in, was there enough marketing done to boost BTC? Price at a strong resistance and we will have to be wait and see what the candlestick story teller are going to tell us around this area of importance.