Good day fellow steemers, as some of you already know this is my second post ever on this amazing platform, so please bare with me! I hope you enjoy this small post and be sure these will improve over time.
I would like to start off with a small post regarding Bitcoin intraday trading for today. So lets just start with, volatility is low, meaning there probably wont be any sudden moves any time soon, which is normally the case at this time of day. So lets look at the technicals, at the time of writing on poloniex BTC is around 16400. Meaning it already breached the 16500 levels and is in for a possible reversal to the 16000 levels where it might break downwards but most probably will rebound to continue the bullish trend of this month. Meaning we would like to go into a BUY trade for BTC either when it breaches the 16500 level to look for either 16800 or even 17000 on the short term or we want to see if there is a rebound at the 16000 level and then BUY just after the rebound.
Please be aware when trading with leverage to include a S/L!
Throughout the day I will continue to post updates on the major cryprocurrencies, this is a post to help you understand the current market and make your own decisions, ofcourse I cannot predict the future and hope to create some discussion.
For more updates please follow and have a great trading day!