BTCUSD Daily Forecast Oct 04 2018


BTCDUSD: Consolidates With Upside Bias!

As long as 6322 support holds on a daily closing basis, the BTCUSD remains on the upside to the 6740 levels ahead of the 6950 levels, a halt is likely, but a break would open 7170 levels, further upside, resistance comes at the 7430 levels.

On the downside, support comes at the 6322 levels, a daily closing below that level should weaken recent rise and reverse risk to the downside to the 6028 levels where a cut will aim the 5545 levels.

Conclusion: The BTCUSD sees upside threats above the 6322 levels with caution…

Support: 6322, 6028, 5545

Resistance: 6740, 6950, 7170


1- A daily closing above 6950 will bring a strong bullish momentum.

2- A daily closing below the 6322 levels will activate the bearish divergence and suggest a lower leg below 6067 levels.

3- Minor resistance comes at the 6492 levels, a daily closing above 6492 will pave the way to the 6740 levels.

4- The BTCUSD is likely to consolidate within 6322/6740 range before attempts to break higher…

- Advertisement -

Disclaimer: All advice within this website is for educational purposes only, we are not financial advisors so you must do your own judgment in regards to anything you learn here, all financial markets and trading strategies carry risk and they can lead to losing some or all your money. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite, any investment should only be done with risk capital. Cookies Notice: Cookies help us to show you the best possible website. By using our website, you agree that we use cookies.