Bitcoin surely cant go much lower
Bitcoin
Intraday
We look to Buy at 20101 (stop at 19444)
We are trading at oversold extremes. Trading close to the psychological 20000 level. We look for a temporary move lower. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 21987 and 22487
Resistance: 23000 / 24000 / 25000
Support: 22000 / 20800 / 20000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Intraday
We look to Buy at 20101 (stop at 19444)
We are trading at oversold extremes. Trading close to the psychological 20000 level. We look for a temporary move lower. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 21987 and 22487
Resistance: 23000 / 24000 / 25000
Support: 22000 / 20800 / 20000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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