BTC: Bounce down to 82H EMA support short-term
Updated
BTC: Bounce down to 82H EMA support short-term
On July 27th the venerable executives of the US government have convinced everyone that they see no recession in the economy.
And the markets have believed that quite blindly.
Bitcoin (BTCUSD) as well as many indices were rapidly growing since that moment.
However, we were ready for some correction.
Today, we have caught small decrease from 23900 to 23600 USD.
Probably, later today we will see further lowering from 23800-23900 to 23100-23200 USD area.
Let's keep watching...
Lower timeframe (1H):
On July 27th the venerable executives of the US government have convinced everyone that they see no recession in the economy.
And the markets have believed that quite blindly.
Bitcoin (BTCUSD) as well as many indices were rapidly growing since that moment.
However, we were ready for some correction.
Today, we have caught small decrease from 23900 to 23600 USD.
Probably, later today we will see further lowering from 23800-23900 to 23100-23200 USD area.
Let's keep watching...
Lower timeframe (1H):
Trade closed: target reached
Bitcoin (BTCUSD) retraced down to 82H EMA support this night.This is one day later than it was expected.
However, we've managed to catch the movement from 24600 to 23900 USD.
Now the question is if the price will bounce up from 82H EMA or will break it down.
Of course the sideway option is also possible.
Just watching...
Good luck in trading!
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