Analyze graphs: whether the rise of Bitcoin this week?
Source:The Symmetrical triangle on 4-hour chart, it seems, is the key impediment to Bitcoin.
The Overall situation looks like this:
the-
the
- the price of bitcoin has broken the upper line of the triangle, but again fell back down to test it; the
- Bitcoin continues to hold above the broken resistance, but the likelihood of a new wave plum did not disappear; the
- if the chart will be an impressive trade volumes rebound, the asset will be chosen in the area of the upper point of the triangle in the area of 8400 dollars.
Detailed analysis charts of Bitcoin spent .
theWhy is not growing Bitcoin
Moving Average 200 SMA is still under the 100 SMA, so the buy signals Bitcoin is not. However, the distance between the lines is gradually narrowed, so that soon it can happen and their crossover.
If all goes according to plan, before Bitcoin there will be no more obstacles for a new wave of growth. In this case, the asset price can easily rise to $ 8,500. If a cryptocurrency will break through this resistance zone, you can already begin to talk about the new bullrun.
However, while technical indicators do not indicate the imminent price jump. The RSI is gradually reduced, so that the consolidation of Bitcoin at the level of about $ 6,600 will continue for some time.
Many analysts believe that Bitcoin is strong enough to preparing the site for new bullrun. While the rapid growth of coins could happen before the end of this year. This is Tom Lee.
$ 6,000 — a level of even greater importance than we could imagine. Earlier someone mentioned that below $ 6,000 of Bitcoin mining would be unprofitable. The fact that Bitcoin does not fall below — a very good sign. I think before the new year the market will be another catalyst for the growth of the main cryptocurrency.
If Bitcoin still not be kept at the current level, the next target of the fall is the area of 4500 dollars. Yet to get into a bidding before, you have to wait for a normal certainty from the market.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Sounds scary, but the third autumn has already passed. In September, we did a better job of server performance our pool for a different coin Ethereum, Ethereum Classic, Bitcoin Gold Metaverse (ETP) and others. Also launched new se...
MetaMask blocked the most popular dApp. What's wrong?
One of the most popular interfaces to access the Ethereum wallet, MetaMask, blocked 333ETH. This is the most visited decentralized application (dApp) according to the site DappRadar. About the situation says . In the opinion of ma...
New miner: Japanese GMO released software for production zcash for (ZEC)
the Japanese tech giant GMO released software for mining coins zcash for based on the algorithm Equihash. About it writes . Download and install software called is free, however the company intends to charge a fee of 2 percent on ...
What is the first DApp on the blockchain Tron and when it will work?
Time decentralized applications based on Tron officially began with the integration of the Tron Virtual Machine, which took place on 30 August. To the full beginning of the first DApps have to wait for October 8 — TVM then activat...
Bitcoin will grow in the end of 2018. This is for two reasons
throughout 2018 Bitcoin fell more often than ROS. The first cryptocurrency was on the first level of support to 10 thousand dollars, and then gradually decreased to 8, 7 and 6 thousand dollars. At the beginning of the year, the he...
Goodbye, Fiat: purse Wallet Samourai refused to display the balance in dollars
the developers of the Samourai purse Wallet, which allows users to conduct private transactions, has released a new version of the application. In it, the company no longer reflect the balance in dollars, which now account holders...
Two Americans stole $ 14 million in the crypt. They were arrested two days later
Police in Oklahoma have arrested a 23-year-old Fletcher Robert Childers and 21-year-old Joseph Harris on suspicion of stealing $ 14 million in the cryptocurrency. The crooks stole a billion coins a little-known Aldona Crowd Machin...
Betrayal: how IRS collaborates with Analytics companies
According to the research firm Chainanalysis, 36 percent of all bitcoins are lost or not produced. While 22 percent of coins are held by traders, while 30 percent are in the wallets of investors. it is Noteworthy that the services...
Today is the last day of September, so we can safely sum up one-third of the fall. But before you say goodbye to the outgoing week, what traditions will help Cryptomach. In the news today remember the growth forecast of the domina...
Cryptodira: how to travel around the world with a single bitcoin in your pocket
a Blogger named Rafael used only one , to visit 18 countries in the period from September 2017 to the present day. During his travels, Rafael met with John McAfee and acne Butterini, took 28 interview other celebrities, and met co...
How many millions of dollars laundered criminals using cryptocurrency? The response of journalists
More than 46 kryptomere around the world involved in the laundering of $ 88 million over the past two years. To such conclusion experts of the Wall Street Journal after examining the transactions over 2,500 purses that were involv...
The Ethereum is in the process of accumulation. When the growth?
the Price of Ethereum holds above $ 225. Cryptocurrency is gradually increasing, even in relation to Bitcoin. the Overall situation looks like this: the the support level of $ 225 is a good «protection» long positions, ...
Golden time: Hublot has released a limited edition watch in honor of the decade Bitcoin
Swiss watch brand Hublot has announced the release of a new watch called the Big Bang Blockchain. The launch of the model marks a decade since the creation of Bitcoin. Limited edition of 210 hours will only be sold for the cryptoc...
Analyze charts: when you start to grow NEO?
Over the last few days the price of NEO has varied by only a few percent. At the moment, bitcoin is trading at $ 19. the Overall situation looks like this: the the coin found support at the .618 Fibonacci level; the resistance le...
Premature failure: users Pornhub estimated payments in the cryptocurrency
One of the main world streaming porn, Ponhub, reported on the results of the implementation of the functions of the subscription premium version of your website using the cryptocurrency. The results are disappointing — only 1 perc...
Waited for: Opera browser supports Ethereum and decentralized applications
the Norwegian company Opera Software, the developer of the eponymous browser, has added to the desktop version of Web 3.0, Ethereum-wallet function and its integration with the decentralized application (dApp). This writes with re...
Chapter Binance: bulls can return to the Bitcoin market at any time
the growth of the market is inevitable — most likely, the course of the first cryptocurrencies will go up in October-December, when the market usually possess a bullish sentiment. This was stated by Director General cryptocurrency...
Greetings from 2017: three evidence that Ethereum will grow
History on the stock market rarely, but still sometimes repeated. In light of the recent recovery of Ethereum after falling to a yearly low of the phrase «coin has found its bottom» doesn't seem so meaningless. In techni...
Comments (0)
This article has no comment, be the first!