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Aug 22, 2017
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Daily Focus: BTCUSD (22/8/2017)

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Here is what’s going on:

  • Volatility rise.
  • $3793 support zone; the price has quickly bounced off this level .
  • $4128 resistance zone; it does look strong, since there’s been clear retest.

The price continues in the channel, there’s been no signals for reversal. A break below the $3793 support zone might signal an opportunity for a sell trade. The $4128 resistance zone is an important point. If $4128 turns breaks then the rally resumes.

  • For short term speculators the best recommendation for now is watch for break of both Support/Resistance levels and trendlines of the market.

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