empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

22.06.202114:41 Forex Analysis & Reviews: Trading idea for Bitcoin

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 22.06.2021 analysis

Latest market signals suggest that key levels in Bitcoin are $ 28,000 - $ 30,000.

For medium-term traders, especially those who trade with leverage, there is simply no other place to set up transactions because Bitcoin is steadily declining, forcing buyers to dump their positions.

Exchange Rates 22.06.2021 analysis

Most likely, price will slip below $ 30,000, but after that there will be good opportunities to open long positions.

Exchange Rates 22.06.2021 analysis

For example, investors can try to buy from $ 28,000 to $ 25,000. After that, when Bitcoin rises again, they can top up the long positions.

This idea follows the framework of Price Action and Stop Hunting strategies.

Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off