Wednesday, 8 August 2018

Crypto TS, 08/08/18

Posted by Anonymous at 13:48 Labels: ,

Bitcoin
Pressure on the bitcoin market intensified during the last trading session, moreover, there was a serious deterioration in the operational situation in this market. A serious level of support was broken-supportive zone in the $ 6750- $ 6800 area. The market returned to the levels last time visited in the middle of July, back into sideway channel with the borders of $ 6000- $ 6790. Local support is located in the 6400 zone, but it is unlikely that it will keep the market from testing the lower limit of the designated range. Most likely, in the coming trading days we will see a test of the mark of $ 6000.
Trading recommendations outside the market
Ethereum
The decline in the bitcoin market and the drop in the entire market capitalization resulted in ether decline to the zone of $ 350. The last time the market visited this zone was April 2018. Breakthrough of this mark will lead the market lower to levels $ 275. However, shorts are kind dangerous in such proximity from powerful support, our recommendations to stay out of the market.
Trade recommendations- out of the market

https://www.fortfs.com

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