BTC –
Technical Observation
On 19th of this month, BTC retraced slightly to the lower side, got supported by the hourly support line $8,049.11 before taking off to the upper side, this is precisely as I forecasted. My pending buy limit order previously set at $8, 049.00 was triggered and take profit set at $8,302.81 was also triggered. Now, I’m patiently waiting for a break above $8,302.81 to confirm a rally to the upper side. On its way upwards, the main lines to watch for potential reversals other than $8,302.81 include $9,871.00, $9,214.21, $10, 092.01 and $13,0000.00.
Trade Signal:
Buy BTC above $8,302.81 with your take profit at $13,000.00
You may check other analytical reviews on FreshForex website. Source: freshforex.com.