BTCUSD Analysis 10.09.2017

Hello everyone,

Today, I am looking at the bitcoin 4 Hour chart. It looks like price has approached a minor support level. There is a possibility for the price to continue its upward move.

The last candlestick is an inside day, which confirms the bullish outlook.

I am seeing as a potential target the level of 4600.

Secondary hypothetical price target could be the level of 5000, where rests the major resistance level. It is also a psychological level.

If the support level does not hold, I am expecting to see the price going lower to around 3700, where is the next support level.


Check out my recent article on Bitcoin

or read more about trading mistakes HERE


Compare brokers

Plus 500
Visit Review
Visit Review
Visit Review
Visit Review
Visit Review
Visit Review