LTCUSD Swings in Range
September 18, 2020
GBPUSD Starts Uptrend
September 21, 2020
BTCUSD CHART PRICE – BTCUSD DAILY
Bitcoin took a loss of 6.06% on the US dollar during the weekend, it broke two support levels on Sunday alone, the second level at 10,203 was able to put a stop to this loss and we see that the price is trying to recover, we see a small gain of 0.05% so far, however it is hard to predict a move based on technical indicators as they reacted aggressively to these loses, the price could move sideways for the next hours, we see the bollinger bands shrinking suggesting a sideways market environment and low volatility, while the relative strength index is at 42%, we suggest traders to wait for more solid signals before placing a trade on this particular pair.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
