Bitcoin sell on a bounce to as 8500/8600 with stops above 8800
|Daily Forecast - 26 July 2018
Bitcoin
Bitcoin sell on a bounce to as 8500/8600 with stops above 8800. A break higher however is a longer term buy signal. If we hold above 8800 just buy and forget about the position for a while...we should go significantly higher.
Failure to beat our selling opportunity at 8500/8600 as expected, targets 8200/8150, 8050/8000 (we bottomed exactly here yesterday) & support at 7870/7840. (Do not buy here but we could bounce initially). On further losses look for 7700 & good support at 7500/7450 for profit taking on shorts.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.