Condizioni di trading
Strumenti
Technical outlook:
Bitcoin almost hit the projected targets at $63,000 and $65,000 respectively over the last 02 weeks as discussed here. The sharp decline towards $51,300 levels last week was also in line with expectations. Short term traders might book profits now, while medium term traders might want to hold until $41,000/42,000 levels respectively.
Bitcoin is seen to be trading around $55,800/900 levels at this point in writing and might produce a short term rally towards $60,000/61,000 levels in the near term. Thereafter, we can expect another round of selloff towards $41,000/43,000 levels, which is fibonacci 0.382 retracement of the entire rally between $3,850 and $65,000 levels respectively.
Also note that immediate price support is at $50,500, followed by $43,000; while resistance now stands around $65,000 levels respectively. Bitcoin is expected to remain in control of bears for a short term (few weeks), before the final leg rally resumes towards $75,000 and further.
Trading plan:
Remain short, stop @ 65,000, target $43,000.
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.