BITCOIN (BTC/USD) A lot of uncertainty but we must not forget about this.
There is a lot of news that could bring down the price of Bitcoin this week related to China, SEC Regulations, Options expirations that hold the price.
For these reasons, the price of Bitcoin has moved little due to uncertainty.
We will see
In these cases what I do is analyze it in Daily graphs.
We don't have to forget
As we can see, the price is already several days above the average of 200 daily chart periods.
Which is good for thinking about a long-term uptrend
Another good bullish sign would be to break the average of 21 daily chart periods.
It should close the day above the 21-period average and stay above it for several more days.
Call and puts options
- Options expire on September 20 and 21 The call options are at $ 49,000 which may be holding back the price of bitcoin
- September 24 options expire The $ 50,000 call options are high but the 64,000 call options are also high
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring To be attentive Protect your Investments
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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