BTCUSD possible death cross forming as traders take profit going into the new week.
Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7,200 to a swing low of the $5,800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018.
Levels to watch:
200 SMA (to watch for dip buys): $6200 - $6400.
What is a Death Cross?
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Also published on Investing.com: tvc-invdn-com.akamai...5ac90428c521f2e2.png
Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7,200 to a swing low of the $5,800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018.
Levels to watch:
200 SMA (to watch for dip buys): $6200 - $6400.
What is a Death Cross?
check out links below for more TA, group chat, signals, feed and much much more.....
Join our Telegram members group:
t.me/BTFDdotCom
t.me/BTFDdotcomFEED
Sign up to our website FREE for a limited time only @ buythefuckingdips.com
Follow BTFD and Major Lee Blunt:
twitter.com/majorleeblunt
steemit.com/@majorleeblunt
Also published on Investing.com: tvc-invdn-com.akamai...5ac90428c521f2e2.png
Trade closed: target reached