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BTC / USD started around 6500 francs as part of the early trading session and reached its highest level around 6580 francs. Anyway, the match was installed near the top, the European negotiation session became perhaps the most important factor. A slight bearish change took place during the day. In any case, in the season of this written work and towards the beginning of the session in the United States, the BTC / USD has expanded its drawback remedy and is currently setting low lows around 6450-fiat.
It seems that, despite their lack of importance in a broader context, ETF events still affect the evaluation of purchases and offers of dealers. Today's value would have been attributed to the SEC's choice to verify recently rejected ETF requests. It begins to lose to its group in increase whereas the news of the SEC is scarce.
Technical analysis of BTCUSD:
We are still in the design of the corner, we have drawn our past research. In this way, our medium-term procedure will not change until we break a break above or below the trend lines of the corner. In any case, we have drawn a fairly undeniable trend line to seek help in the latest uptrend, which still reflects our possible level of support as Bitcoin (Reddit) continues its bullish behavior.
As for rising prices, BTC / USD is definitely in the shopping area. The match is slightly above its normal trend lines at 100H and 200H, while the RSI and stochastic markers entered the purchasing territory after the moderate amendment. We are attentive to the "remarkable trend line" to look for possible investments. Anyway, for the moment, everything seems optimistic for a close term.
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BTCUSD Intraday Analysis:
After neglecting the achievement of our last bullish goal, we had to stop our long position after breaking our bad luck. Given all of the above, the upward trend of BTC / USD allowed us to examine adjacent levels, which will allow us to choose the positions that can be achieved for the rest of the EE session. UU
The range we are currently looking for is characterized by 6500 fiat as our new help, and 6621, our intraday maximum, between time oppositions. Our initial market introduction is plausible for a bearish correction. In case this happens, we would probably go below 6500 fiat and try the lower trend line of Rising Wedge as a possible return goal. Meanwhile, our misfortune of stopping three nuggets on the crossing position will characterize our danger.
An enlarged uptrend, and again, we will play positions in the range. That is: place a long position towards 6621-fiat in a 6500-fiat jump and place a short position towards 6500-fiat in a 6621-fiat retreat. Anyway, if the value exceeds the obstruction level, we will place a long position towards 6840-fiat while we keep our pips at four pips below the position of the section.
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