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

Bitcoin in the middle of the great flat zone from the end of September, locally - BTC also in a small flat range and by breakout the support(~ $ 8180) or resistance(~ $ 8470) levels of which we can define our nearest targets.

Globally - situation more bearish and the level of $ 7000 and $ 6000 is close and seems quite achievable. We have key resistance level near $ 9100, but more likely that BTC will go down without testing of this level as a key resistance. At the daily chart a MA200 was broken and the price test it. RSI overbought.

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

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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.
Trade active: broke the support level and it is going to fall more with target of ~$ 7780


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