empty
 
 
09.03.2022 02:44 PM
BTC update for March 09,.2022 - Both upside objectives has been reached

Technical analysis:

This image is no longer relevant

BTC has been trading upside as I expected. The price reached both upside objectives from yesterday at $39,700 and $41,000 and is heading towards third objective at $44,600.

Trading recommendation:

Due to strong upside momentum today, I see potential for further upside continuation after the downside correction.

My advice is to watch for buying opportunities on the pullbacks using the intraday time-frames.

Next main upside objective is set at the price of $44,665.

Stochastic is in overbought area but with no divergence yet, which is indication of the strong upside condition.

Key support is set at the price of $41,320

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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