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!
[Bitcoin]
With the technical conditions indicating weakness in Bitcoin, then the potential for a decline which will occur in the near term is quite significant.
Key Levels
1. Resistance. 2 : 91545.30
2. Resistance. 1 : 88568.39
3. Pivot : 86518.22
4. Support. 1 : 83559.31
5. Support. 2 : 81491.14
Tactical Scenario:
Pressure Zone: If the price of Bitcoin breaks down below 86,518.22, it may continue its decline to 83,559.31.
Momentum Extension Bias: If 83,559.31 is broken, there is a possibility that Bitcoin will continue to decline to 81,491.14.
Invalidation Level / Bias Revision:
The downside bias is restrained if the price of Bitcoin strengthens and breaks above 91,545.30.
Technical Summary:
EMA(50) : 86363.09
EMA(200): 87282.03
RSI(14) : 59.70
Economic News Release Agenda:
Tonight from the United States, several economic data releases will be as follows:
US - Existing Home Sales - 22:00 WIB
US - Revised UoM Consumer Sentiment - 22:00 WIB
US - Revised UoM Inflation Expectations - 22:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
