For general questions, please read our F.A.Q.
Disclaimer: Cryptomover is not a licensed financial advisor. The information presented in this piece is an opinion, and is not purported to be fact. Cryptocurrency is a volatile virtual commodity and can move quickly in any direction. Cryptomover is not responsible for any loss incurred by following this advice.


52. TECHNICAL ANALYSIS: BTCUSD (Published: 26th Sep, 2017)
BTC/USD retraced to $3550 recently and rallied again. Volume is still low and it might lose momentum upon reaching the $4000 level. Traders can wait until the price breaks out $4000 with volume for a long trade. If the price cannot go as high as the previous local high at $4125, a head and shoulder can be formed and there will be a downward pressure on the price, which can drive it to below $3550.

© 2018-2019