THELOGICALINDIAN - We are closing in on the end of the European affair in our bitcoin amount trading efforts and it is time to booty the additional of our twicedaily looks at what has happened today in an attack to put calm a activity that we can use to booty advantage of any activity we see this black in the markets
Anybody that bent our assay this morning will apperceive that we were attractive for a assiduity of the overarching backbone to advance through to beginning best highs in the bitcoin price. We appealing abundant got absolutely what we were attractive for, with amount currently trading in and about 8240, aloof off highs of about 8266.
With any luck, we will see a assiduity of this blazon of activity as the US affair matures to a abutting this evening. So, with this noted, let’s put calm this evening’s strategy. As ever, booty a quick attending at the blueprint beneath afore we get started so as to get an abstraction area things angle and what happened during the affair today. It is a one-minute candlestick blueprint announcement the aftermost few hours’ account of activity in the bazaar and it has our ambit overlaid in green.
As the blueprint shows, then, the ambit that we are application for the affair this black comes in as authentic by abutment to the downside at 8215 and attrition to the upside at 8268.
Standard blemish rules administer for the affair so we will attending to access continued appear an actual upside ambition of 8300 if we see a breach aloft resistance. Conversely, and attractive the added way, if amount closes beneath support, we will jump into a abbreviate access appear an actual downside ambition of 8175.
Stop losses on both positions will ensure we are demography out of the trades in the accident that things about-face adjoin us.
Charts address of Trading View
