Course Overview Bitcoin - Smooth recovery (11/08/2016)

Bitcoin regains emotional toll of last week after news of Bitfinex. This is quite logical behavior of prices after the fall of the exchange rate due to factors that are not related to market factors.

Here, however, it is necessary to understand that even though it is not market forces, but the impact on the mood of the players, after all, possible. Price flew below the support of $ 630 and now to talk about the growth opportunities only when driving course above this mark.

At this point you should pay special attention to the level of $ 590, while consolidation above this range, we are likely to let us move to the area of ​​$ 630, if you will not hold, then topple in to $ 540.

In the current situation the best position to open at the moment when to begin movement relative to a more robust level of $ 590, respectively, or up to $ 630, or $ 540 to down.

However, in our view, to the restoration of $ 630 now looks more likely than a decrease, as players do not see the reasons for the apparent drop, but to return to previous levels all want.
Successful trading!