empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

19.05.202111:45 विदेशी मुद्रा विश्लेषण और समीक्षा: Trading plan for Bitcoin for May 19, 2021

Exchange Rates 19.05.2021 analysis

Technical Outlook:

Bitcoin has achieved both downside target $43,000 and $41,000 as projected and discussed here since last several trading sessions. In fact, the crypto had dropped through $38,500 lows today, before revering higher again. It looks highly probable that the corrective drop since $65,000 is now complete and Bitcoin is ready to rally further.

Bitcoin is trading around $40,200 levels at this point in writing, and is expected to continue higher from here. Traders are again advised to initiate fresh long positions now with a potential target above $65,000 levels, going forward. Immediate support is at $38,500 mark, while resistance is now seen towards $60,000 levels respectively.

Bitcoin has also bouncing from fibonacci 0.382 support around $41,000 as discussed earlier. If successful, the crypto will resume its uptrend and push through $65,000 mark in the next several trading sessions. Traders might prepare to take full profits on short positions taken earlier and remain bullish.

Trading plan:

Remain long from @ 40,200, stop @ 35,000, target is @65,000

Good luck!

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.