BitcoinShort
BTCUSD 10.06.2019
Daily chart:
ADX indicator readings remain in the area of flat forecast. Thus bitcoin probably will keep the trading range within the lower Bollinger bands (7302-8100).
H4-chart:
We note the presence of strong support at the region of lower Bollinger band (7553), where bulls may threaten the resistance 8100 and its break could have a potential of reversal signal.
H1-chart:
Intraday growth potential is limited by the dynamic resistance 8100. We can consider short-trades from this level towards 7553.
Expectations:
So, we expect touch of the 8100 zone and following decline of the quotes in direction 7553.
Trading recommendations:
Shorts from the 8100 level towards 7553.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.