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BTC/USD Daily time frame chart Analysis

11 January 2018

On daily time frame chart, we can see that the price has been falling for several days.


However, the price has been respecting pretty well the Fibonacci levels (50% and 61.8%).


The price is now moving close to these levels which can be a good opportunity to long entries.



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Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.

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Henrique Tomé

Focus market

  • U.S building permits and housing starts rose more than expected in January
  • Chicago Business Barometer rose to 67.6 in December, up from 63.9
  • U.S import and export prices rose more than expected in January
  • Canadian manufacturing sales declined 0.3% to $55.5 billion in December
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