• Jono Solo

Bitcoin Price Analysis Today January 1st 2019


Bitcoin price is currently $3690.

I am expecting it to trade sideways for a while then go much higher in the coming months.

That's my personal medium/long term view and nothing on this site is financial advise.

From a pure technical stand, a no non-sense bitcoin price analysis today shows that the price has been in a short downtrend for the past 24hrs.

Indeed, the bitcoin price is trading below the Donchian Channel midline ( bearish side of the channel ). The current main support zone is around $3550. This is where I would consider shorting BTC ( only on trading platform that allow tight and guaranteed stop losses ).

As stated my main outlook for the bitcoin price is very bullish.

Therefore I currently have 2 buying orders on the eToro CopyTrading platform.

My first bitcoin buy order is target1 at $4000.

My second bitcoin buy order is target2 at $4270.

The current hard stop loss for both trades is $3500 ( stop losses can be changed as the trades progress in my favor ).

Price Is Always Right.

Happy, Joyful And Prosperous 2019

#bitcoinpriceanalysistoday #bitcoinpriceanalysis #bitcoinprice

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Risk Disclaimer:
Bitcoin UK CFD trading, ethereum and ripple XRP trading, foreign Currencies, futures and options trading have large potential rewards, but also large potential risk.
The fluctuation of the buy bitcoin UK price is very high. You must be aware of the risks and be willing to accept them in order to invest in the futures and forex markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. All bitcoin for beginners trading analysis, trading videos, bitcoin copy trading strategies, bitcoin trading signals and bitcoin Investment articles are for educational purposes only and should not be construed as investment advice. Bitcoin trading students and investors must keep in mind that past performance of any trading system or methodology is not necessarily indicative of future results.

 

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