Bitcoin: a trade idea

Bitcoin: a trade idea

2019-11-11 • Updated

Trade idea

BUY 3970; TP1 4055; TP2 4030; SL 3940

Bitcoin is a high volatility thing. The outlook changes fast and there’s a general downtrend. Yet, it seems that there may be a harmonic pattern forming that can give the cryptocurrency a short-term bullish impulse.

Have a look. The point D of a Gartley pattern should occur around 78.6% Fibo. It this case, the move up may stretch up to 4138. A buy trade will be recommended only if the price gets above 61.8% Fibo.

BTCUSDH4.png

Similar

Risk Assets or USD?
Risk Assets or USD?

What will happen?  This week several important macroeconomic reports will be presented…

China-Taiwan Conflict to Destroy the Markets
China-Taiwan Conflict to Destroy the Markets

China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…

Trade Ideas for August 1 - 5
Trade Ideas for August 1 - 5

Last week was shocking!  The US dollar lost more than 1% against other currencies after the 75-basis-point rate hike by the Federal Reserve on Wednesday…

Latest news

UK: No Longer a Leading Economy
UK: No Longer a Leading Economy

The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera