Bitcoin kept afloat for a long time, but began to sink

  • Jan 06 2022
  • by
  • Analyst AZA
Bitcoin kept afloat for a long time, but began to sink

Bitcoin kept afloat for a long time, but began to sink

Bitcoin price has been trading at $ 45,000-48,000 for a long time. But at the same time, the price was below 200 simple average for the entire period on the four-hour chart. Unable to withstand constant pressure, the price of Bitcoin broke through all support levels and collapsed to $ 42,400. We think that this is just the beginning of a downtrend and the price will continue to decline for several more days. Therefore, we will go short as soon as the price creates a new price low below $ 42,400.

Symbol: BTCUSD
Order Type: Pending Order - Sell Stop
Entry Price at 42400.00
Take Profit at 41400.00
Pips Earning: 100000

Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1330
GBPUSD buy at the price of 1.3540
USDJPY buy at the price of 116.20
USDCHF buy at the price of 0.9200

The result of a trade recommendation.

The result of a trade recommendation.

img
Cryptocurrency trading recommendation
The profit can be $1000.00 if the trading volume of 1 Futures.
tags

Promotions

top authors

Fundamental analyst

Stan Zabar
Fundamental analyst

Head of Analysis Department

Michael Wallenberg
Head of Analysis Department

Economic Observer

Alan Dofine
Economic Observer

Call US Feedback
en de nl fr pt es it uk zh ko ja ar ru pl tr