empty
 
 
27.12.2019 05:48 PM
BTC 12.27.2019 - Downward target reached at $7.075, watch for downside opportunities at $7.270

Bitcoin has been trading downward and reached my yesterday's target at the price of $7.075. I still expect more downside on the BTC but is good to wait for potential test of multi Fibonacci resistance at $7.270 to place sell order.

This image is no longer relevant

The target is set again at $7.067...

Stochastic oscillator is looking overbought but you should watch for fresh new bear cross before the next sell position.

Yellow rectangle – Important Fibonacci confluence and supply trendline

Watch for selling opportunities on the rallies...

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback