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Aug 24, 2017
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Daily Focus: BTCUSD (24/8/2017)

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Trading analysis on Bitcoin, giving you a clear view on how to go about trading this digital coin.

Here is what’s going on:

  • Volatility rise.
  • $3748 support zone; the price has quickly bounced off this level.
  • $4410 resistance zone; it does look strong, since there’s been clear retest.

The price continues its steadily climb, there’s been no signals for reversal. A break above $4410 resistance level would signal a greater move above with some retracement/correction mid-way.

  • For short term speculators the best recommendation for now is watch for break of Resistance levels and trendlines of the market to have a good opportunity for a Buy trade.

Article Categories:
Bitcoin Discussion