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

What do you expect from Bitcoin ?

BTC near the support line of this bearish formation and we see a local resistance and support zones.
A local resistance(the dark zone) ~ $ 8200 - 8150
A local support(the green zone) ~ $ 7950 - 8000
Indicators more negative and going to the neutral mood.


Have 2 target zones by breakout one of the local levels:
The long target zone ~ $ 8500
The short target zone ~ $ 7700 - 7500

What do we do now?

Wait for some of the breakouts. Bulls can still fight for their goals, but bears globally in a domination position.

Market Cap
$146 059 994 746 USD
Volume (24h)
$14 382 426 702 USD
Circulating Supply
17 998 175 BTC


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

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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.
Oct 17
Trade active: add the resistance zone
Oct 17
Comment:
Oct 24
Trade closed: target reached
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