Bitcoin breaks 11130/11100

Jason Sen DayTradeIdeas.co.uk

Daily Forecast - 07 March 2018

Bitcoin.

Bitcoin breaks 11130/11100 to keep us in a bear trend. Key to direction today is the 10800/10750 area. Holding below keeps the pressure on for a retest of the low this week at 10560 then the 50% Fibonacci at 10500/450. On further losses look for a test of support at 10210/160.

Gains are likely to be limited but holding above 10800 allows a recovery to 10930/960. If we continue higher look for strong resistance at 11100/150. Try shorts with stops above 11300.

Author

Jason Sen

DayTradeIdeas.co.uk

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