What is going on now with BTC/USD?
Bitcoin prices took three days to breakthrough 5324.00 defence line against the US dollar as indicated in my previous post 20/4/2019 and have taken out two more at 5497.00 and 5685.00 before retreating to its current price at 5590.00
My thoughts on what may happen
BTC/USD pulled back twice to 5497.70 after reaching 5685.00; however, managed to hold its position and is currently pushing back up to retest 5685.00.
5497.70 is the current support it needs to hold to continue to the upside. The estimated resistance is at around 5685.40, and the next target is at 5918.20
Support: 5497.70, 5324.00, 5186.70,and 4996.20
Resistance: 5685.40, 5816.20, 5918.20, 6154.40, and 6317.20
We explain, help and guide you to possibly make the right decision on when to enter, apply stop loss to protect your capital, take profit, and exit your position.
Bitcoin prices took three days to breakthrough 5324.00 defence line against the US dollar as indicated in my previous post 20/4/2019 and have taken out two more at 5497.00 and 5685.00 before retreating to its current price at 5590.00
My thoughts on what may happen
BTC/USD pulled back twice to 5497.70 after reaching 5685.00; however, managed to hold its position and is currently pushing back up to retest 5685.00.
5497.70 is the current support it needs to hold to continue to the upside. The estimated resistance is at around 5685.40, and the next target is at 5918.20
Support: 5497.70, 5324.00, 5186.70,and 4996.20
Resistance: 5685.40, 5816.20, 5918.20, 6154.40, and 6317.20
We explain, help and guide you to possibly make the right decision on when to enter, apply stop loss to protect your capital, take profit, and exit your position.
