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BTCUSD where to enter the trade

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

I do not trade BTCUSD so oftten . However I can not keep my eyes closed to this instrument.

I will try to make a simple technical analysis and I will enter a trade accordingly .

BTCUSD Trend :

We have a strong bullish markets. The price bounced from the reversal zone formed by the top border of the price channel and 3500.00 resistance level . Then the market broke the first Fibonacci Resistance @ 3.300 . And this was a signal for further downward movement to lower support levels. Secon Fibo level was 3130 and price tested this level and reacted upside. And BTCUSD price came to 23.60 Fibonacci level.

Next Level to enter the trade :

https://www.fxters.com/btcusd-where-to-enter-the-trade/


This article was written by Emre Tutucu for https://www.fxters.com/btcusd-where-to-enter-the-trade/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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