Wednesday, 1 August 2018

Crypto TS, 01/08/2018

Posted by Olga Gorinina at 13:36 Labels: ,

Bitcoin once again under local pressure
Tuesday trading session was not positive for the first crypto currency. Bitcoin came under pressure and eventually fell into the $ 7,438 zone. Capitalization of the bitcoin market amounted $131 billion, and the total capitalization of the entire crypto market declined to the level of $ 274 billion. It should be noted that the $ 7,438 area is a strong support zone for the market. There is an Fibonacci expansion level running here
Trading recommendations - longs in the $ 7400- $ 7500 zone
Ethereum - the pressure on the market is increasing, the support zone is $ 420
As we assumed yesterday, increased pressure on the bitcoin market led the quotes into the $ 420 area where the closest support for the market is located. The market is declining for four days, and the pressure is increasing. We will monitor this level; the breakthrough of this mark will send quotes lower to the zone $ 390 and then $ 355.
Trading recommendations - out of the market

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