BTC USD - Bitcoin Analysis for 6TH December, 2018

Ebitcoinics Analytics   06 Dec, 2018   www.economies.com   Views: 12

Bitcoin price approached testing 3,860.00 level again this morning and keeps its stability below it, to begin providing bearish reverse signals now, waiting to resume the bearish trend on the intraday and short term basis, supported by the EMA50, which targets 3,475.00 level mainly, reminding you that it is important to hold below 4,070.00 to continue the expected decline.

 

Expected trading range for today is between 3,300.00 support and 4,000.00 resistance

Expected trend for today: Bearish


NB:

This analysis is for information purposes only and does not amount to a trade signal.


Thank you



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