Hello, Traders! Monfex is at your service and today we overview BTC/USD.
Bitcoin unexpectedly grew 15% + and thereby formed a bearish divergence on the chart and met with resistance ~$8800. Wait some rebound and consolidation at the level of $ 8100-8300, which is the immediate goal. This is not very similar to a reversal formation, rather intimidation of bears. BTC touched MA200 at 1D chart.
Supposed(danger) Trade Signal by BTC/USD
Sell near $8600
Take profit ~ $8200
Stop loss at $8810
Market Cap $154 053 953 034
Volume (24h) $25 906 806 820 USD
Circulating Supply 18 012 775 BTC
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. 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.