BTC / USD and BTC / JPY Forecasting DailyForex



Bitcoin continues to beat on the whole, but on Friday we saw a good recovery. The 7250 level seems to offer support against the US dollar, and the fact that we formed a hammer is a good sign. As you can see from the ellipse that I marked on the chart, there is a significant amount of order flow in this area. If we go below the 7250 level, the market could take place quite drastically, which is why I think it was so important that we recovered. That said, I still see a considerable amount of resistance above the trendline, so we could just bounce back and forth. If we go down below 7250, then I expect the market to come down to the 6750 bar. The alternative is to break above the 8300 level, opening the door to 9000.

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<h2>  BTC / JPY </h2>
<p>  Bitcoin also fell against the Japanese yen during most of the session, but just as against the US dollar it had a good recovery to form a hammer If we succeed To overcome the level of 850,000, I think we will look to the trend line above.The alternative scenario is that we fall below the level of 800,000 and we relax up to the level of 750.000.This market is located in a & rsquo; area in which I expect to see a lot of consolidation and noise, so do not be surprised if the market is beaten over the weekend.I would like to exchange small positions and not risk too much until we get a clear or concise break out However, in the coming days I I look a lot more. </p>
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