Trading analysis on Bitcoin, giving you a clear view on how to go about trading this digital coin.
Following yesterdays analysis on BTCUSD:
- 1st price break at $3986 TL (Trendline) - Buy entry initiated
- 2nd price break at $4128 resistance zone - Buy entry initiated
- Trade exit at $4366 being the next resistance zone alternatively you closing a position of your initial investment with profit and moving your exit few points above the $4128 second entry.
- For sell positions, best recommendation for now is watch for break of the $3793 support & trendlines of the market.
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