BTCUSD
Time frame: H4
Technical analysis: the price has forms trend continuing formation "wedge" over 50% zone of the correction from the down trend from 05.03.2018г.
Indicators: price is above 50-EMA ,100-EMA and 200-EMA, which supports buyers
Dem(14): on Н4 Dem(14) didn`t shows us any "buy" signals, but if we fall on Н1 there is some idea for confirming bullish scenario
Entrance: from price levels 9266-9200
SL: 8916
Alternative scenario: If the price fall below 8900 the price formation will be violated and we will be witnesses of deeper correction from the uptrend formed from 06.04.2018
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.