To open long positions on Bitcoin you need:
At the moment, the task of the bulls is to keep trading above the gap area 7.960 and try to go towards the resistance levels at 8.447 and 8.900. So far, the gap is still holding…
To open short positions on Gold you need:
Main task for bears will be to fill the gap at 7.950 and then eventually break the support 7.777. The first goal will be the potential test of 7.441 where I recommend profit taking.
Signals of indicators:
MACD – Momentum is still not that big the still overall on positive side above the zero.
Bollinger bands: The upper boundary of the indicator in the area of 8.330 will act as resistance and lower boundary at the price of 7.865 like support.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
