The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Blue lines- bearish RSI divergence
Red line- support trend line
Green lines- Fibonacci retracement levels
Bitcoin is trading around $36,100. In previous posts when price was making new highs around $38,000, we warned traders that a pull back is justified and expected as the RSI is providing bearish divergence signs. Yesterday Bitcoin was under pressure and most probably has finished its upward move. Recent price action suggests that a break below $34,670 would confirm that a top is in. Bitcoin is expected to make a pull back at least towards the 38% Fibonacci retracement at $33,000 if not lower.At this point we are neutral if not bearish for the near term.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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