Long Bitcoin in a Scalp Mode
Hi, Traders ! Monfex is on the air!
Our hot real-time idea on Bitcoin in a Scalp Mode:
* Bitcoin hit $7,800 as we expected and headed North from there.
* Consolidation trading range of $7,700 - $8,500 remains in force and we expect the price action to unfold until $8,500.
* Volatility has increased and RSI is approaching the overbought condition on 1H, so a small correction may follow.
* There are the two viable scenario, for the time being:
1) The price goes steadily up with a lack of resistance and breaks above $8,500.
2) Price bounces down from $8,400 - $8,500 and protracts the consolidation phase.
Scalping trade signal
Buy @$8,000 - 8,100.
Target: $8,400 - 8,500.
Stop-loss: $7,900.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Our hot real-time idea on Bitcoin in a Scalp Mode:
* Bitcoin hit $7,800 as we expected and headed North from there.
* Consolidation trading range of $7,700 - $8,500 remains in force and we expect the price action to unfold until $8,500.
* Volatility has increased and RSI is approaching the overbought condition on 1H, so a small correction may follow.
* There are the two viable scenario, for the time being:
1) The price goes steadily up with a lack of resistance and breaks above $8,500.
2) Price bounces down from $8,400 - $8,500 and protracts the consolidation phase.
Scalping trade signal
Buy @$8,000 - 8,100.
Target: $8,400 - 8,500.
Stop-loss: $7,900.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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