THELOGICALINDIAN - So actuality we go on addition day of trading in the bitcoin amplitude and weve got affluence to altercate branch into the aboriginal European affair While we didnt get the affecting run that we saw at the abutting of the anniversary a brace of weeks aback we did see some upside activity on Friday and over the weekend the activity was accurate appealing strongly
We are attractive for this abutment to abide in abode during the affair today, with expectations (on a longer-term basis) actuality that if amount can administer to authority aloft the $18,000 region, we’ll see $20,000 bankrupt afore we see $17,000 again.
As mentioned, however, that’s a bit best appellation than the actual ambit of our beneath term, intraday operations.
With this noted, then, let’s get some levels in abode that we can apply as the base of our intraday action today.
As ever, booty a quick attending at the blueprint beneath afore we get started so as to get an abstraction area things stand. The blueprint is a one-minute candlestick blueprint and it’s got our primary ambit overlaid in green.
As the blueprint shows, the ambit we are attractive at for the affair today comes in as authentic by abutment to the downside at 18809 and attrition to the upside at 18934.
We are activity to stick with our accepted blemish action for the time being, so our trades are as follows:
Trade one – a continued access on a abutting aloft resistance. Target about in the arena of 20240 collapsed and a stop at 18900 to annihilate off risk.
Trade two – a abbreviate access if we see amount abutting beneath support. On this one, a ambition in and about 18750 looks good, while a stop at 18825 will ensure we are taken out of the barter if things about-face adjoin us.
Let’s see how things comedy out.
Charts address of Trading View
