Trade Recommendation: Bitcoin (XBTEUR) | Hacked: Hacking Finance
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Analysis

Trade Recommendation: Bitcoin (XBTEUR)

Posted on .

Trade Recommendation: Bitcoin (XBTEUR)

Introduction

This article was posted on Wednesday, 14:47, UTC.

The price bounced from 2950.00 level and then dropped to SMA with period 100. We can see an attempt to move lower. MACD confirms downward movement. DMI shows trend market conditions and confirms downward movement too. We must be ready to see short term falling to the support zone between 2600.00 and 2500.00 levels. Pending orders for sell should be placed below the local swing low. Stop orders must be above 2910.00 level. Profit target should be near the support zone. If the price, without reaching 2780.00 level, bounces from SMA100 and indicators confirm upward movement, we’ll have to delete pending orders for sell. Recommended trading volume for this trade is up to 3% from your deposit.

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Sell: 2780.00
Stop: 2910.00
Profit Targets: 2610.00

Update: If this trade recommendation isn’t activated, our previous recommendation to buy Bitcoin is still in play.

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The trading signal is based on Kraken chart.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

Comments
  • user

    AUTHOR Namkyue Kang

    Posted on 2:51 pm August 9, 2017.

    2780.00? Not 3780.00?

  • user

    AUTHOR MPKKFLP

    Posted on 3:03 pm August 9, 2017.

    Please include USD based analysis. Hard to understand EUR price analysis.

  • user

    AUTHOR misson1682

    Posted on 3:18 pm August 9, 2017.

    Yes I agree. Please include USD ☺

  • user

    AUTHOR Rodrigovifusa

    Posted on 3:57 pm August 9, 2017.

    What would be the best signal to buy after this fall?

  • View Comments (5) ...
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