empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

05.05.202111:59 Forex Analysis & Reviews: Trading plan for Bitcoin for May 05, 2021

Exchange Rates 05.05.2021 analysis

Technical outlook:

Bitcoin reverses from our defined resistance zone around $58,000-59,000 levels yesterday. The crypto had dropped through $53,000 mark before finding support but managed to produce a bearish Evening Star candlestick pattern on the daily chart. This indicates a potential reversal lower and falls in-line with our projections at $41,000-43,000.

Bitcoin has pulled off from yesterday's lows and is seen to be trading around $55,300 levels as we prepare to publish this article. Bears are expected to remain in control at least until prices stay below the $60,000 mark, going forward. Immediate interim resistance is at $59,000, followed by $65,000 mark, while support is around $47,000, followed by $43,000 levels respectively.

Bitcoin is producing a medium term counter trend drop towards $41,000-43,000 zone, before the rally could resume higher. A drop below $47,000 mark will confirm and accelerate towards $41,000, which is also fibonacci 0.382 retracement of the entire rally between $3,850 and $65,000 levels respectively.

Trading plan:

Remain short, stop @ 65,000, target @ 41,000

Good luck!

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

Guadagna sulle variazioni del tasso di criptovaluta con InstaSpot
Scarica MetaTrader 4 e apri la tua prima transazione
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.