Bitcoin shorts at 4200/4300 need stops above 4600

Jason Sen DayTradeIdeas.co.uk

Daily Forecast - 04 October 2017

Bitcoin

Bitcoin shorts at 4200/4300 need stops above 4600. An unexpected break higher targets 4650/4700 before a retest of the all time high at 4900/4979.

Holding below 4300 is more negative but we have bottomed exactly at minor support at 4235/15 so far. Below here targets better support at 4110/4090. This level will be key to direction for today & therefore a break lower is an added sell signal targeting 3990 & minor support at 3890/70 but we could fall as far as 3740/20 this week.

Author

Jason Sen

DayTradeIdeas.co.uk

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