Hi, Traders ! Monfex is on the air !
Let's take a closer look at price action of Bitcoin currently unfolding on H1 timeframe.
* Overall, we expect the two options of the price development before the next move down:
1. Extended consolidation by a few additional H1 candles and then drop from the edge of the contracting triangle: $7,450 - $7,500.
2. The price creeping upward to the major Resistance - previous Key Support at $7,700 - $7,800 with the following drop.
* With those two options in view, it would be smart to divide the Selling order in two parts, respectively.
Active trade signal
1st Sell @ $7,450 - $7,500.
2nd Sell @ $7,700 - $7,800.
Target: below $7,000.
Stop-loss: $7,850.
Watch for our Updates to get real-time superior 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 cryptocurrency or cryptocurrency product. 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.
Let's take a closer look at price action of Bitcoin currently unfolding on H1 timeframe.
* Overall, we expect the two options of the price development before the next move down:
1. Extended consolidation by a few additional H1 candles and then drop from the edge of the contracting triangle: $7,450 - $7,500.
2. The price creeping upward to the major Resistance - previous Key Support at $7,700 - $7,800 with the following drop.
* With those two options in view, it would be smart to divide the Selling order in two parts, respectively.
Active trade signal
1st Sell @ $7,450 - $7,500.
2nd Sell @ $7,700 - $7,800.
Target: below $7,000.
Stop-loss: $7,850.
Watch for our Updates to get real-time superior 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 cryptocurrency or cryptocurrency product. 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.
