Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising
Aa
Share
facebook
twitter
linkedin

Table of contents

  1. Technical analysis:

    Technical analysis:

    the downside continuation of bitcoin is expected grafika numer 1

    BTC/USD has been trading sideways at the price of $22.425. I see potential for the downside continuation.

    In case of the breakout of the flag pattern, I see potential for the drop towards $20.7150 and $19.000

    In case of the rally first, there is key resistance zone at $23.200.

    Stochastic is showing the potential bear cross.

    Key resistance is set at the price of $23.200

     

    Advertising

     

    Relevance up to 08:00 2023-03-08 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

    Read more: https://www.instaforex.eu/forex_analysis/315166


    Peter Jacimovic

    Peter Jacimovic

    Analytical expert of InstaForex © 2007-2022

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


    Advertising
    Advertising