In general, my view of the situation has not changed, since I still expect a decrease to ~7200-7500$, with a further failure to ~6000-6100$. But based on the current situation, we can mean a scenario with a long of ~9000-9500$.
Bottom line: We have a level of $ 8650 which currently holds back buyers' pressure, and have a level of ~9300 as support for the previous triangle. I think that after a breakdown of resistance, you can take a long one with goals: ~9000$ and ~9,500$. This will be followed by a decline to the previously indicated zones ($ 7k and $ 6k).
Bottom line: We have a level of $ 8650 which currently holds back buyers' pressure, and have a level of ~9300 as support for the previous triangle. I think that after a breakdown of resistance, you can take a long one with goals: ~9000$ and ~9,500$. This will be followed by a decline to the previously indicated zones ($ 7k and $ 6k).
Trade fechado: objetivo atingido:
After 4 tests of support for 7800, the expected breakdown of this level occurred, the price reached the indicated support of 7400-7500 and the drop stopped.
Trade ativo
Trade fechado: objetivo atingido:
scenario with a long worked nice! Night growth during the Asian "session" was triggered by a statement by Xi Jinping (President of China) that China will develop Blockchain technology. There was not a word about bitcoin, but as we know the price of bitcoin and blockchain technology, there are different concepts, but as you can see from the graph, positive relative to blockchain provokes wild movements from the entire market.
