XBT final retracement to 6625 area

weak divergence on 1H XBT USD,

Possible decline to 6625 USD area before bounce up from bleu lower trendline part of the strong ascending trade channel in place since early September.
In case of a breach of lower trendline we could see lows of max 6300 USD. A breach of 6300 could increase downward momentum.

This can be our final retracement before we break 7900 area and head towards 10 000 USD during december or early January 2018.

there is a chance we will not trade lower from here showing only a short lived consolidation until MACD is ready to climb up again.

Recommanded action,
buy a small lot if you re not yet in
Wait for decline to lower trendline or more conservative to lower 6300 area

Trading at your own risk, make sure you understand the risks involved with trading high volatility markets.

EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out