Few Words About Bitcoin

The price breaks SMA100 and moves lower to 10000.00 level and the uptrend line. This zone is very important now and the further market movements will depend on price action at the uptrend line. The market found support at 10000.00 level but after bouncing the price could not develop the strong upward movement. In such conditions, the market can continue the sideway movement or try to break the uptrend line and drop to 8000.00 and 5000.00 levels. This period is not good for trading because the market is not stable and more unpredictable. It can be called the period of fake signals and failures. It's the part of any market. Proper money management allows to pass through such periods and then come back in profit zone after the starting of a new trend movement. Don't forget about it!