Monfex_UK
Long

Bitcoin: short road to $9000

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview Bitcoin .

Now we see clear falling wedge inside this descending channel , and a triple bullish divergence by RSI that can push the price to the resistance zone and main trading volume range.

  • The resistance zone ~ $9000-9100
  • The support zone ~ $8665-8500

    Supposed Trade Signal by BTC/USD
  • Buy near $8600-8500
  • Take profit ~ $9000
  • Stop loss at $8435

  • Market Cap
    $157 583 137 620 USD
  • Volume (24h)
    $19 403 351 417 USD
  • Circulating Supply
    18 043 475 BTC

Share your thoughts, ideas about the market under the chart.

Watch for our Updates to be the first who gets well-timed signals !

GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Nov 12
Comment:
Do your ideas apply for BTCGBP also?
Reply
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