Intraday Update for Bitcoin #1
As will be the norm much more often than not, my Bitcoin and Ethereum analyses will be part and parcel of the freely accessible Stock Trading Signals analyses. Here within Bitcoin Trading Signals, you‘ll find the trade position calls and surrounding reasoning regarding Bitcoing and Ethereum whenever required.
Enjoy yesterday‘s Bitcoin analysis – coming right after the crude oil part as usually.
Bitcoin appears gathering energy for another push higher toward the $38,000 – 40,000 zone right below the 200-day moving average. I look for a credible challenge to subjectively viewed rebound swing structure – milestone to overcome convincingly so as to go above Friday’s open. I view the momentary setup (BTC at $38,400 approximately) as favoring the next attempt at the resistance’s upper border, which can be played with a relatively tight stop-loss.
But the stronger horse to bet on, is Ethereum.
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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