NEWS :
BoE Saunders (Dovish Dissenter)
- Risk management consideration played role in vote to raise asset purchases
Technical analysis:
BTC has been trading upwards towards the resistance at the price of $9,250. I found the rejection of the resistance and potential for the further downside continuation towards the level at $8,630.
Trading recommendation:
Watch for selling opportunties on the rallies, The downward targets are set at the price of $8,631 and $8,155.
Stochastic oscillator is showing an overbought condition, which is sign that downside is expected.
Major resistance is set at the price of $9,250
Support levels and downward targets are set at the price of $8,630 and $8,155
