BTC 08.30.2019 – Sell zone for Bitcoin

Bitcoin 4H time-frame:

Bitcoin is correcting upward in past few hours but there is good resistance around $9,760, which may be the good level to re-sell BTC. The 4-hour chart completed bear flag in the background and the BTC price is very close to Bollinger middle line, which is another good entry sell zone. I still think that demand for BTC is very low and that most investors are focusing on the metal market.

Forecast and recommendations for traders:

MACD oscillator is showed us the new momentum down on the most recent down swing, which is good confirmation for our short bias .I recommend selling cryptocurrency with a target of $9,108 with a Stop Loss level of $10,300The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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