Btctrader888

Bitcoin Daily Analysis 16.10

BITMEX:XBTUSD.P   Bitcoin
Hello, TradingView readers and our subscribers! A team of traders and analysts Lemon Insiders has prepared for you a new bitcoin analytics.

Yesterday's our analysis played well and we, along with private subscribers, made good money.

What today?
The price has formed an upward channel in which we are smoothly moving. StochRSI below, which suggests that the price should go higher, which just fits into this channel. It is possible to repeat the test of support at 6350-6370, but from there more priority comes up for growong. Such a correction may occur to correct senior timeframes according to indicators.

Of course, probability of updating the bottom is possible, but it is now extremely unlikely, as FUD already started up, which shook the market, so it’s worth continuing to grow, at least, to a global downward trend, and from there you can make another strong correction with a possible bottom update. In addition, we expect price adjustments on the stock exchanges with USD and USDT and bitcoin prices, because the spread is now 200-400 dollars.

At the moment, we expect the campaign prices higher, below are placed purchase orders.
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