empty
 
 
02.07.2019 05:57 PM
BTC 07.02.2019 - Sell zone at the price of $10.600

Industry news:

Binance, the world's largest cryptocurrency exchange by trading volume, is soon to launch futures trading.

During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng "CZ" Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.

.Trading recommendation:

This image is no longer relevant

BTC did exactly what I expected yesterday. BTC did test our first target at the price of $9.695 and after then rejected. Pay attention to the resistance at the price of $10.612 cause it is good sell zone up there.

Red rectangle – Support ($9.695)

Green rectangle- Support 2 ($9.200)

Purple rectangle – Resistance ($10.612)

MACD oscillator is showing the new momentum low in the background and the BTC is trading in the negative territory, which confirms my bearish view. RSI oscillator and Stochastic are showing the potential rally before new selling wave. As long as the BTC is trading below $11.376, I would watch for selling opportunities on the rallies, level of $10.612 looks like a solid sell zone. Downward targets are set at the price of $9.695 and $9200.
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 $10000 more!
    In January we raffle $10000 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