$BTC Quick Updates

Aftr long rally btc is trying to consolidate in a range between 93k and 98k (approx lvl).Lack of buying interest and profit booking retards btc today to lose around 2% of its 24 hours gain. The weakness may be because of some economic event ahead. In such case what we should do let's discuss:

* Maintain low position and tried to avoid overnight position ahead of any event

* Maintain strict stoploss

* Avoid trading especially newbie, because there may be a huge volatility which could wipe your account if you are inexperience trader .

Trading range - 93k to 98k

Position - Semi bearish with consolidation in a range.

Sentiment- negative and cautious

• Important levels to watch

Support 1 - 92807 &

support 2 - 91605

Btc should not slipped below S2 i.e 91605.There will be a free fall if btc slips below this level.

*So if you hold btc then maintain a stoploss just below 91605 or according to your risk management.

* This S1 and S2 are also a Buying zone. If btc show any sign of reversal then buy it with strict stoploss below S2.

Target - 9787.14& 99528.6

Support 3 - 86246 ,this is a must buy zone,if btc slips upto this level then buy it and sit tide ,

Stoploss - major swing low below S3.

Target - 91605,92807,9787.14, 99528.6

This is a quick updates of btc , A mere points of 1 to 10 may be diffences in calculating levels ,so please adjust yourself.Thank you everyone.