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Sep 8, 2017
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Daily Focus: BTCUSD (8/9/2017)

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

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Here is what’s going on:

  • Volatility rise.
  • $4233.20 support zone; the price has quickly bounced off this level .
  • $4685.90 resistance zone; it does look strong, since there’s been clear retest.

Thoughts: For short term a break below the $4233.20 would be my best recommendation for a buy in and a quick exit some points off the $4685.90. So watch for break of both Support levels and trendline.

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