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Bitcoin - Rallies continue to attract sellers

Author on Saturday, August 31, 2019 | No comments

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Bitcoin / U.S. Dollar.
Bitcoin / U.S. Dollar (COINBASE:BTCUSD) 9597.60 15.18 
BITSTAMP: BTCUSD
COINBASE: BTCUSD

Bitcoin - Intraday - We want to Sell at 10,000 (stop at 10300)

The price has continued a bearish move lower and resulted in 3 consecutive negative days. Intraday demonstrations continue to attract sellers and there is no clear indication that the order for this trade will end soon. Previous support is located at 9100. There is no clear indication that the downward movement will end soon. Further decreases are expected even though we prefer to set shorts at the bespoke resistance level at 10,000, resulting in an increased risk/reward.

Our target profit is 9100 and 8500

Resistance: 9800/10000/10200
Support: 9100/8500/8000

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