BTC/USD - Trade Analysis 6th Nov 2017
Orginal Post: https://cryptotradersclub.smartmember.com/btfdbtcusd-trade-analysis-6th-nov-2017
BTCUSD possible death cross forming as traders take profit going into the new week.
Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7,200 to a swing low of the $5,800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018.
Levels to watch:
200 SMA (to watch for dip buys): $6200 - $6400.
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