Bitcoin: starting to trade in 2019

Bitcoin: starting to trade in 2019

Trade ideas

BUY 4500; TP 4950; SL 4320

SELL 3600; TP 3230; SL 3700

Happy New Year, everyone! My first trade ideas of 2019 are for Bitcoin. The cryptocurrency found support at 3220, in the vicinity of 200-week MA and 50-month MA.

On D1, we can see that Bitcoin stayed above 3650 during the second half of December. As a result, what we are seeing may be an inverted “Head and Shoulders” pattern. Advance above the neckline at 4490 will open the way up to 4960 (September 2017 high).

At the same time, the pair’s currently limited on the upside by the descending 50-day MA (brown line). A decline below 3650 will resume the downtrend. The previous low at 3220 will be a natural sell target in this case.

BitcoinDaily.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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