10.05.2019 01:29 PM
Bitcoin. Bulls continue to push the market up

The Bitcoin exchange rate has confidently approached the important resistance level of 6400, the breakdown of which may occur in the near future.

Signal to buy Bitcoin (BTC):

Today, the buyers of Bitcoin are counting on a breakthrough of the resistance of 6360, which will lead the cryptocurrency to a new maximum of 6520, where I recommend fixing the profits since after updating these resistances, a strong bearish divergence can be formed on the MACD indicator. In the scenario of reducing the cryptocurrency, you can return to purchases on the support test of 6070 or a rebound from the minimum of 5777.

Signal to sell Bitcoin (BTC):

Only the formation of a false breakdown at a maximum of 6360 will be the first signal to sell Bitcoin in order to return and update the support of 6070 and with an exit to a minimum of 5777, where I recommend fixing the profits. With further growth along with the trend, it is best to consider selling for a rebound in the region of the maximum of 6520.

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