Update on Bitcoin. BTC-USD September 06, 2018

September 10, 2018


The short of August 30 worked perfectly. Globally we are still in the bearish phase but the impulsive dump for such a short period of time indicates the possibility of a bounce or at least a slow down of the fall. Most probably really soon the support will meet us at the bottom edge of the pattern (near 6000-5900). Watching the market, it is rather dangerous to open any positions now, it would be better to wait for the end of the consolidation with the further fall (that will give the opportunity to open the long trades  from the lower levels), or with the further growth to the resistance at the upper edge, where the short will be actual again. Be careful, distribute your deposit till the fall to the lowerest psychological levels, the market is still subject to various speculative manipulations.

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