06.09.202116:03 Forex Analysis & Reviews: Trading Signal for BITCOIN for September 06 - 07, 2021: Sell below $ 51,800 (61.8%)

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Bitcoin in daily charts is trading around 61.8% Fibonacci, a key level that could mean the beginning of a reversal and change in trend in the medium term. For this, the price should consolidate below this level.

BTC has reached around 52,000 after having found strong support around the 200 EMA located at 45,900. It has twice tested this support and finally made a good technical bounce that brought it to these current trading levels.

Bitcoin price started its uptrend after falling below the $ 30,000 barrier on July 20. Since then, BTC has risen approximately 78%. Now it is above the psychological level of $50,000. If it continues with the uptrend, it could reach the +2/8 level of murray located at 56,250 in the next few days.

While the general trend remains bullish and unchanged, investors should take into account that BTC is entering an overbought level, as the murray indicator has indicated 53,125 and 56,250 as extreme overbought levels with an imminent technical correction.

Because BTC is at the 61.8% Fibonacci level and above this level there is strong resistance, we believe we have a good selling opportunity below this level with targets at 47,150 (50.0%) and 43,500 (38.2%).

Our outlook will be bearish as long as BTC trades below 52,000, all the way to the 6/8 murray level located at 43,750, as the current price could be a bubble and a sharp drop could occur, just like what happened on May 19 So, we must be very careful. The eagle indicator on daily charts is about to reach the overbought zone.

Support and Resistance Levels for September 06 - 07, 2021

Resistance (3) 54,591

Resistance (2) 53,335

Resistance (1) 52,346

----------------------------

Support (1) 49,878

Support (2) 48,621

Support (3) 47,856

***********************************************************

Trading tip for BTC for September 06 - 07, 2021

Sell below 51,800 (61.8%), with take profit at 47,830 and 43,750 (6/8), stop loss above 53,000

Back to the list

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.

Zarábajte na zmenách kurzu kryptomien s InstaForexom.

Stiahnite si MetaTrader 4 a otvorte svoju prvú obchodnú pozíciu.