Potential Support Break on USDMXN
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BITCOIN CHART PRICE – BTCUSD DAILY
As of right now, the Bollinger Bands are starting to open, indicating volatility is coming, however we need to be very careful because the price could move in any direction, I am unable to identify a clear trend right now with the pair BTCUSD, it is important to keep an eye on it in case it starts giving a clear indication of where the price could be moving in the next hours to place a trade and get the full potential out of it, short term moving average is still over the long term moving average, the price is trading over the Ichimoku Cloud indicating the trend could be bullish, but again, there is no certainty in this, and its best to wait for a clear signal.
The Relative Strength Index is currently at 50%, so there is no clear path for the trend, monitor RSI levels, as well as the support and resistance levels to see if there could be an investment opportunity in the cryptocurrency.
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.
