Bitcoin in the falling wedge ?
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Hello, Traders!
Monfex is at your service and today we overview BTC/USD.
What do you expect from Bitcoin ?
BTC hasn't tested the 50% Fibonacci level, it's also ex-support zone. For now we can assume many variants about Bitcoin further movement and at this chart I propose to look at possibility of the falling wedge pattern. It's very characteristic for BTC.
What do we do now?
Swing trading. Buy below $ 8,000(good at the 61,8% Finonacci ~ $ 7,900) and and our target will be $ 9,000.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview BTC/USD.
What do you expect from Bitcoin ?
BTC hasn't tested the 50% Fibonacci level, it's also ex-support zone. For now we can assume many variants about Bitcoin further movement and at this chart I propose to look at possibility of the falling wedge pattern. It's very characteristic for BTC.
What do we do now?
Swing trading. Buy below $ 8,000(good at the 61,8% Finonacci ~ $ 7,900) and and our target will be $ 9,000.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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