THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook Aug 22
BTC/USD
Bitcoin begin itself activity alongside during best of the affair on Monday, as we abide to hover aloof aloft the $4000 level. Because of this, I anticipate we are in an accession phase, acceptation that abacus boring is apparently the best way to go, and move aloft the $4120 akin could be the arresting to the bazaar that we are accepting accessible to ability appear the $4300 akin above. I accept no absorption in shorting, I accept there is massive amounts of abutment bottomward to the $3600 level.
BTC/JPY
Bitcoin fell a bit adjoin the Japanese yen during the day on Monday, but continues to adore abutment abreast the ¥440,000 level. I anticipate there is affluence of abutment below, so I anticipate we will apparently get a concise animation almost soon. A breach aloft the ¥460,000 akin would be a nice affairs signal, as it would appearance that we are acrimonious up momentum.
Thank you for watching, I’ll see you afresh tomorrow.
