empty
 
 
15.07.2021 07:31 AM
Trading plan for Bitcoin for July 15, 2021

This image is no longer relevant

Technical outlook:

Bitcoin had dropped through $31,500/600 levels yesterday, before finding support, and managed to pullback above $32,000 around end of the day. The price action is now clearly suggesting a potential bottom being formed around $31,500 levels and that bulls are poised to set higher highs and higher lows at least towards $42,000, going forward.

Bitcoin is seen to be trading close to $32,650 levels at this point in writing and is expected to push higher towards $36,000 in the immediate future. The crypto faces resistance at $36,000, followed by $41,600 mark, while support comes in around $28,500 levels respectively. Bottom line for bulls to remain in control is $28,500 levels.

Only a break below $28,500 mark can change the above described bullish scenario and turn lower towards $16,000 levels in the next several weeks. On the flip side, a continued rally through $36,000 and $42,000 would instill further confidence on the bullish structure. Traders are advised to build long positions here.

Trading plan:

Remain long, add more around $32,500/600, target @ 42,000

Good luck!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $5000 más!
    ¡En Noviembre, sorteamos $5000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback