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.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
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