For Traders

Analytical Reviews

Trading plan

23.07.201906:16 Forex Analysis & Reviews: Control zones for Bitcoin on 07/23/19

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Today, the pair is trading within the medium-term accumulation zone. This allows you to keep sales open at the beginning of the month. The level of $13,000 for bitcoin is now the determining resistance. Due to the fact that the instrument is traded on the Chicago Stock Exchange, the influence of futures contracts on the formation of medium-term impulses is noticeable. The priority direction of trade for the current week is the reduction.

The second-day bitcoin is trading below the balance mark, which indicates the preponderance of market sellers. The approximate target of the fall is the level of $9800.

For the resumption of growth will require the absorption of yesterday's fall and a break above the balance point. This will allow the instrument to return to the month of June, beyond which the current movement takes place. A pattern has not yet been formed to open purchases, so sales retention is the main plan for the first half of the week.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.