BITCOIN BTC / USD and ETH ANALYSIS UPDATE Intraday time horizon 15 June

BITCOIN BTC / USD and ETH ANALYSIS UPDATE Intraday time horizon 15 June

By trade60 | trade60 | 15 Jun 2021


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In the short term the title could correct.
39340 is our pivot
Predictable scenario: as long as support at 39340 holds, we can point towards 43159
Alternative scenario: below 39340, targets at 37882 and 37014

Bitcoin's rebound that saw it recover above 40k levels expanded slightly yesterday as the leading cryptocurrency climbed to a session high of 41,020. Perhaps it's no surprise that the high point came just before the London 4pm correction, as is often the case. When this happens, it usually leads to an intermediate reversal and this is exactly what happened yesterday when Bitcoin fell below 40k again, down to 39.375. That move was primarily a profit taking and therefore was reversed at the start of today's Asian session. This saw a rebound up to 40,846. It has backtracked from there now that European markets have reopened, but not significantly. The next big hurdle for Bitcoin remains the 200-day moving average which is still rising and comes into play today at 42,576. This is a level that is likely to provide significant technical resistance if the price can rise further to test the level.

 

I add Camarilla pivot points for intraday trading:

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And also those of ETH:

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For those who follow me on telegram, our stop (which later became a profit) is 39340.

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Link telegram: Follow me on Telegram for more details during the day, it's free and not just crypto, test my signals    https://t.me/joinchat/_J8vQO5jNPBlYTg0

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

Thanks for reading

Gafico from tradingview.com

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trade60
trade60

Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


trade60
trade60

Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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