FX.co ★ BTC 09.20.2019 - Resistance on the test, watfch for selling opportunties

BTC has been trading upwards in the past 24 hours but there is resistance on the test at the price of $10,300, which is the good level for potential new money selling. Be careful with long positions around the resistance and watch for potential selling opportunities.

Blue rectangle – Important resistance level

Pink horizontal line – support level

Blue horizontal lines – Profit targets and support levels

Orange falling lines- Expected path

BTC is trading in the middle of the Bollinger band and there is potential for new down movement. To confirm more downside, I would like to see the breakout of the $10,110. In case of the breakout of the support, the downward target will be set at $9,795 and $9,610. Resistance levels are seen at the price of $10,360-$10,450.