Today the market is returning to volatility after a great rally movement up last few days lead by Bitcoin’s successful hard fork. The EMA (Exponential Movement Average) and MACD indicators are showing a down trend in Bitcoin that have made other altcoins like Ethereum follow this movement. Litecoin on the other hand is still strong as we suggested in yesterday’s trade recommendation. We could find next days a bearish trend that could move to test the current support level at 2600 euros, but this trend could change in any moment if this is just a bounce to continue going up (123 move).

Today’s trade recommendation is to sell Bitcoin (BTC) around 2800 euros and buy again near the 2600 euros’ ground. Always checking to stop trading if we start to see down trend’s break out signals.

IMPORTANT: Never invest money you can’t afford to lose. Always do your own research and due diligence before placing a trade.

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