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 is trading around $91,270. On a daily chart, we can see that the price is within a downtrend channel formed since the end of September.
If Bitcoin falls below the psychological level of $90,000, we could expect it to reach the psychological level of $75,000 in the medium term, around the 0/8 Murray.
If Bitcoin rebounds and consolidates above $90,000, we could expect it to continue rising and could reach the top of the downtrend channel around $96,500.
A good area to open short positions could be if the price reaches the $96,000 level. Below this area, we could expect a strong technical correction.
On the contrary, if Bitcoin falls towards the 1/8 Murray located at $81,250, a double bottom pattern could form, which we could be alert to to make a decision to enter long positions.
A break or sharp drop towards the 0/8 Murray or towards the bottom of the downtrend channel between $75,000 and $71,000 could mean a strong technical correction. This strong movement will likely cause a technical rebound, which we should watch out for in order to plan long positions.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
