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.

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


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
Oct 24
Trade closed: target reached
Join Monfex Free Webinar and Become a Bitcoin Day Trader!
*Limited to 100 seats

Find new trading ideas on:
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out