Crypto BitCoin BTC/USD (A routine profit taking is in place)
Updated View on BitCoin BTC/USD (18 Aug 2021)
BTC is feeling a little toppish when it hits 48K region few days back. That level was the support/neck line of March to May period.
I reckon, the current sell down (or) pull back is still healthy
and it can easily go $41,000 to $42,500 regions soon.
So, we shall stay aside for watch closely for now if we want to buy. The overall genereal trend is still a UP to me.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
BTC is feeling a little toppish when it hits 48K region few days back. That level was the support/neck line of March to May period.
I reckon, the current sell down (or) pull back is still healthy
and it can easily go $41,000 to $42,500 regions soon.
So, we shall stay aside for watch closely for now if we want to buy. The overall genereal trend is still a UP to me.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Follow our previous analysis on BTC on 18 Aug?
It went down to $41K region as we mentioned!
Now we are seeing a decent bounce off from the support level.
It may counties deift up further but we need to watch this level $46K~$48K.
As long as the price could not break above that $46K~$48K region strongly, we can have fruther sell back down.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!