EURMXN Close of Breaking the 4th Resistance
September 23, 2020
USDMXN Finds Setback
September 24, 2020
BTCUSD CHART PRICE – BTCUSD DAILY
Bitcoin broke the support level at 10,203 but has not been able to consolidate the breakout, it has closed the sessions with a loss 3 out of the last 4 days, the support level could be strong and bounce back, for now we need to await for a confirmation before going short on the cryptocurrency, the relative strength index is a 40%, the bollinger bands are very narrow which is unusual for bitcoin, this tells me that the price might move sideways for a few hours before making a big move, the price is below the ichimoku cloud so we could expect a breakout soon, keep an eye on this support level, is bitcoin is unable to break it then I would not go short.
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.
