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

07.05.202112:31 Forex Analysis & Reviews: Trading plan for Bitcoin for May 07, 2021

Exchange Rates 07.05.2021 analysis

Technical outlook:

Bitcoin bears have yet again managed to hold prices below $59,000 interim resistance. Yesterday, Bitcoin had dropped through $55,300 levels before finding support again. We need to see a break below $53,000 interim lows, for bears to accelerate lower and proceed towards $47,000 at least. Please note the structure completes around $43,000 and $41,000 respectively.

Bitcoin is now seen to be trading around $56,500 mark at this point in writing and is expected to resume lower from here anytime soon. Immediate resistance stays at $65,000 while support is seen at $47,000 levels respectively. A break below $53,000 would open doors to test $47,000 and lower levels, going forward.

Bitcoin might be producing a corrective drop and the structure would complete around $43,000 levels or $41,000, levels which is also the fibonacci 0.618 retracement of the entire rally between $3,850 and $65,000 levels since March 2020 lows. We can expect bulls to resume higher from there and push prices above $65,000 mark.

Trading plan:

Remain short, stop @ 65,000, target @ 43,000

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.