Bitcoin: Intraday Update 05 Oct 2018

in #bitcoin6 years ago

Hi Steemit Friend


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BTC price was started a nice up side move and traded above the last swing high of $6533 against the US Dollar. A swing high was formed at $6620 before the price started to move sideways and recently the pair is currently trading well around the $6580. At the moment, the price is struggling to break the $6620 level, which was a swing high earlier, also Bearish Divergence was formed indicating some selling pressure is coming at current level. If the pair continue to struggle for the next few hour, price may even trade down towards broken swing high at $6533


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--- Disclaimer ---

This is not financial advice. I’m just giving my idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to gain profit and avoid losses.

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