![Future looking bleak for bitcoin [btc] (24/01/2019)](https://ohiobitcoin.com/storage/2019/01/9mNdZX.png "Future looking bleak for bitcoin [btc] (24/01/2019)")
![Future looking bleak for bitcoin [btc] (24/01/2019)](http://ohiobitcoin.com/storage/2019/01/9mNdZX.png "Future looking bleak for bitcoin [btc] (24/01/2019)")
After it’s historical high dated back in Dec 2017, has taken a huge beating ever since. It is worth noting that all the hype before has died down. From a technical point of view, it is pretty simple to see how the trend is. 3928 will be the and we expect price to retest this level soon. Failure to break up of this level will see price retest the low 2750. In order for to have a more stable recovery, it will need to break up and closed above 4500 before bulls will look to come into the market. We can also see that is thinning as there is not as much interest in this speculative instrument after the heavy sell down with big on 20 Nov 2018.
Short-term wise, it is better to stay on the short side to make some fast money!
Good luck in your trading journey!
Best Regards,
Nour Capital – Tracking Smart
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Published at Thu, 24 Jan 2019 05:45:00 +0000
