BitCoin is in a downtrend

BitCoin is in a downtrend


BTC

Unfortunately, the most important cryptocurrency in the world is in a downtrend phase that will only be interrupted when we see what I showed in the picture. If you invest in contracts or CFD instruments, you have the option of short positions (for declines). If you only invest in physical cryptocurrencies, wait for the market to give a signal for the price to rebound upwards. Nowadays, every time the price falls, the trading volume increases. The lows are buying weaker and raises with less capital. If you want to buy Bitcoin, pay attention to the breakout of resistance, which can be seen in the image, and increased turnover, which will indicate that buyers are taking over the market. The ideal signal will then be a downtrend on a smaller volume and a rebound by a large volume of buyers.

btc

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Cryptocurrency markets analysis
Cryptocurrency markets analysis

Subjective view of the cryptocurrency market. Analyzes made on the basis of technical analysis used in financial markets. All analyzes are my view of the market. It is not recommended to make commercial decisions based on the information provided. You can check all my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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