Update BTC 7/9/2019

Update BTC 7/9/2019

By trungkien06 | Bitcoin 24h Movement | 7 Sep 2019


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   Last post I analyzed the trend of BTC is up, the buy zone $ 9720 $ -9780. If anyone follows that analysis, they make profit at $ 10600, and the next $ 11000 taget fails (up to $ 10900). After reaching $ 10900, BTC tends to decrease.
In this article, I will analyze the downtrend of BTC.
  - BTC is having strong resistance zone at $ 10800- $ 11000, anyone who is hitting a margin can short BTC to this zone. TP at $ 10200 and $ 9800, cutting losses when BTC broke $ 11200.
  - For investors, we will buy back at $ 10200, $ 9800. TP at $ 10800 and $ 11000 $ -11200 cut losses when BTC broke support at $ 9450.
Above is my personal judgment, I do not recommend investing when you do not understand technical analysis, market news.

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