$BTC #Bitcoin Price Update 10.09.2019
Bitcoins Price is now a hot topic and I want to give my technical perspective on current Price action.
On The Makro point of View Weekly Stoch still heading down, but we are now trading above the 10EMA but lost the 10SMA.
Locking into the lower TimeFrames currently the Daily Candle is now trading below yesterday`s Candle.
Daily Stochastic is Crossed Down.
Daily RSI is losing the EMA and Trending towards bearish Control Zone.
If we takeout yesterday's Daily Wick to the downside (10060) a possible acceleration to the downside is more likely.
On Lower Timeframes for example H4 we have similar Signals which could indicate a further descent towards 9,8k.
Again I do not recommend opening any short or long trades blindly without proper Position Size and Risk Management. Bitcoins Price gives you now a clear Support and Resistance lines where you can Manage your Trades of, everything between should be a clear no Trade Zone for you.
Be Smart, set your alerts, have your StopLoss in place and Trade Safe.
===========================
you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com/people/koboltrading
Etoro Registration Link: etoro.tw/2Zuqk80
Bitcoins Price is now a hot topic and I want to give my technical perspective on current Price action.
On The Makro point of View Weekly Stoch still heading down, but we are now trading above the 10EMA but lost the 10SMA.
Locking into the lower TimeFrames currently the Daily Candle is now trading below yesterday`s Candle.
Daily Stochastic is Crossed Down.
Daily RSI is losing the EMA and Trending towards bearish Control Zone.
If we takeout yesterday's Daily Wick to the downside (10060) a possible acceleration to the downside is more likely.
On Lower Timeframes for example H4 we have similar Signals which could indicate a further descent towards 9,8k.
Again I do not recommend opening any short or long trades blindly without proper Position Size and Risk Management. Bitcoins Price gives you now a clear Support and Resistance lines where you can Manage your Trades of, everything between should be a clear no Trade Zone for you.
Be Smart, set your alerts, have your StopLoss in place and Trade Safe.
===========================
you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com/people/koboltrading
Etoro Registration Link: etoro.tw/2Zuqk80
