According to our European markets open overview, Bitcoin is still gyrating between 7 EMA & 200 MA in Weekly Timeframe. Only a clear break above 7 EMA opens up 5100 Area, with a potential extension to 6200. On the downside 3290 continues to be a major support followed by 3150. The Doom & Gloom scenario activates only on a clear break of 200 MA on the downside in weekly chart. As long as 200 MA holds, the probability to bounce from here is higher. While Bitcoin is in sleep mode, there is a plenty of action on the ALTs side with plenty of popping higher left, right & center
Lets first Check Bitcoin Trading Chart. for now Trading Range is restricted to 3150-4150
Elsewhere #BNB is making a big move & has broken through all local resistance. We are long and aim for 7.11 as next target
Ethereum is hovering in a small range, we will be buying the dips as per our yesterday’s analysis that kind be found here
Top Gainers for the Day so far includes : NULS, ICX, IOTA
Top Losers for the day are: REP, ARN, TNT
Interestingly, during our European markets open survey, all of them were top gains in last 3 days. REP looks like a good buy on the dips for one more wave higher.Check the Featured image for REP entry Levels for Buying the Dips for a potential 20-30% scalping gains. Dont forget to use reasonable Stop Loss
Let us know if you want help with any specific coins. Please leave a message on Twitter comment.
Legal Disclaimer: This is not a financial advice. All Charts & descriptions provide here is for educational purpose only. Please Do your own Research before taking any trades based on Social Media recommendations.