Bitcoin analysis for June, 12.2019
June 12, 2019 3:22 pmVideo
Latest News
- Analysis of EUR/USD pair on May 24, 2024 May 24, 2024
- Analysis of GBP/USD pair on May 24th. Another British report showed weakness, but who cares? May 24, 2024
- USD/JPY: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- GBP/USD: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- EUR/USD: Simple trading tips for novice traders for May 24th (US session) May 24, 2024
- GBP/USD: trading plan for the US session on May 24th (analysis of morning deals). Sellers missed 1.2700 May 24, 2024
- EUR/USD: trading plan for the US session on May 24th (analysis of morning deals). The euro is not going to give up May 24, 2024
- EUR/USD. May 24th. The bears are starting to go on the offensive May 24, 2024
- Forecast of GBP/USD pair on May 24, 2024 May 24, 2024
- Trading Signals for EUR/USD for May 24-28, 2024: sell below 1.0864 (200 EMA – 21 SMA) May 24, 2024
- Trading Signals for GOLD (XAU/USD) for May 24-28, 2024: buy above $2,333 (200 EMA – oversold) May 24, 2024
- Weekly Forex Outlook: 24/05/2024 – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – Is the pause in NGAS a warning signal? May 24, 2024
- Technical Analysis – USDCAD eases slightly after bullish rally May 24, 2024
- Week Ahead – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – GBPJPY continues its journey north May 24, 2024
- Video market update for May 24, 2024 May 24, 2024
- Forex forecast 05/24/2024: EUR/USD, GBP/USD, USD/CAD, Gold and Bitcoin from Sebastian Seliga May 24, 2024
- USD/JPY: trading tips for beginners for European session on May 24 May 24, 2024
- GBP/USD: trading tips for beginners for European session on May 24 May 24, 2024
Bitcoin went up and did test the strong resistance at the price of $8.011. The 4H trend is still downward and buying at this stage looks very risky. Our advice is still to watch for selling opportunities.
Red downward cloud – Resistance
Span B Ichimoku –Top of the cloud resistance $8.108
Red line – Tenkan-sen (Support) $7.866
Blue line – Kijun- sen (Support 2) $7.760
Red rectangle – Support 3 ($7.457)
Yellow rectangle – Support 4 ($7.030)
Blue rectangle – Important resistance ($8.090)
The price did test and reject of the important resistance near $8.000, which is sign that buyers lost interest. We also found that price is inside of the4H Ichimoku Cloud, which is acting like resistance zone. Our advice is to in the direction of the trend. Watch for selling opportunities with downward targets at $7.457 and $7.030. As long as the BTC is trading below the Cloud, we are watching for selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: