Last time I wrote about Bitcoin, the price was at around 7,000. As our team was expecting, it managed to bounce back and went up to almost 12,000.
BTCUSD Trading Analysis
Today, we are looking at the Bitcoin price again. What our team is seeing are two options.
Option 1:
Price forms a price action candlestick pattern just below 9500 and then it shoots back up to the 12,000 level.
Option 2:
Price breaks below the 9500 level and continues falling down to the 6,000 area. Then, depending on price action goes higher or breaks even lower.
It is hard to say where price will go. But if you have already taken our professional trading course, you will know what we are looking for to place a trade.
Happy Trading,
BBB
This material is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results.
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