Bitcoin Trade Results From Yesterday

in #cryptocurrency7 years ago

btcusd15min-311017-TradeResult.png

Yesterday I provided some analysis of a potential buy in on support. Which if that didn't happen, it would mean a further and larger retracement.

The result from yesterday was as hoped. Hit support and then bounce healthily to the next resistance and got out. The reason to get out at that resistance, is simply as predicted, things would and did get choppy again.

I will be providing analysis most days. Please follow and upvote.

Thanks

Stu

** DISCLAIMER ** The information provided is my own analysis and should not be taken and is not given as any form of financial or trading advice. Any trade, investment or decision based from this information provided to you, is as is and I cannot be held responsible for any decisions you make from this information. DO NOT RISK what you cannot afford to lose. Trades can result in losses that are more than your initial stake. Seek proper training and paper trade before you use real money. Should you be interested in Technical Analysis, please look at my other articles on them.