The Great news of all crypto lovers. The big big big big downtrend is broken and market is going uptrend.
There are some reasons which i tell you here for broken of the downtrend
CME- chicago Markentile Exchange
CBOE- chicago Board option exchange
That two are use for bitcoin trading. The trading CME contract id 5 bitcoin and contract of CBOE is for 1 bit coin.
CME contract was ended at 28th june . So they manage bitcoin so after the contract end we can see the correction in upward at 29th june which indicate in chart.
There are reentry of institutional fund in future exchange. And all that fund are secure by coin base custody. That control on Institutional investor and trade digital currency like bitcoin and etherum with a safe zone.
So according to all this we have to study daily charts to earn profit daily.here in the chart that indicate the down trend and bullish is getting.
Here that indicate that the red candle is tottaly cover by the green candle that indication show that market is now going in upside and that breaks down trend.
After that we see the little correction little downtrend because some of people are book their profit.
Twiser bullish reversal 6400 support. Also stoploss is very important. Because market is flactuate more. You can put stoploss as according to your capacity.
Thats it.
I put new update very soon
This all are education purpose only.
You want to get more information than you have to write in comment box.