On the Bitcoin daily chart, we can see that the instrument is testing the 200 SMA 8645 level. This level, if it will be broken below with a daily close today, could lead to a downside extension into the 7000 level again
Note: look for the selling opportunities with the stop loss just above the 8700 in case of the daily close below 8645 level.
Forex managed accounts! Track verified managed accounts on MyFxbook!
FOREX MANAGED ACCOUNTS
Special Mother’s Day discount! Premium membership off 50%!
GET IT NOW!
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!