Analyze graphs: the end of the week for Bitcoins?

Date:

2018-10-11 03:15:07

Views:

46

Rating:

1Like 0Dislike

Share:

Analyze graphs: the end of the week for Bitcoins?

Today, Bitcoin has broken several important resistances, which held the cryptocurrency from rising from the beginning of October. And while this event did not lead to a sharp price jump, the cost of an asset gradually goes up.

the

1-hourly chart

At the moment, Bitcoin managed to break above the resistance zone of $ 6680. However, cryptocurrency failed to fixate on the reached level after a few hours it fell back to $ 6565. After that the price leap on the chart has formed a good support area in the center 6450 dollars.

image Source — AMBCrypto

For new wave of growth, the bulls need to consolidate above $ 6720. In this case, Bitcoin could go up to $ 7,000. However, technical indicators yet point to the lack of a sufficient number of buyers. MACD shows a bearish crossover and the RSI is not displayed the strength of the trend.

the

the 4-hour chart

In this scale, the price formed a resistance area 6790 $ and major support at around $ 6170. The asset is in a weak uptrend that lasted from to 6290 6560 dollars.

image Source — AMBCrypto

On 4-hour chart, the RSI has recently come out from the overbought zone, that speaks about presence of buyers in the market. The Parabolic SAR also indicates a positive scenario of development of events for the bulls.

the

1-day graph

1-daily chart of the asset has formed a triangle, the upper line of which runs within the area of 8390$, and the bottom is supported around 6170 dollars. While the price of Bitcoin konsolidiruyutsya within these limits.

image Source — AMBCrypto

In a more global scale, the coin can still fall back to 5850 dollars. Under the most unfavorable circumstances, this level will serve as a good support. Fall even lower the bears will open the way to 4500 dollars.

Analysis of Bitcoin charts prepared in .

Recommended

Co-founder of the Ethereum Foundation: cryptocurrencies are not on the verge of collapse

Co-founder of the Ethereum Foundation: cryptocurrencies are not on the verge of collapse

co-founder of the Ethereum Foundation Joe Lubin sees on the horizon a serious problem for crypto-currencies. Unlike other well-known experts that the collapse of the stock market almost every day, Lubin maintains an optimistic point of view. In a rec...

Analyst at CBOE: volatility of Bitcoin is lower than Amazon's stock

Analyst at CBOE: volatility of Bitcoin is lower than Amazon's stock

As a rule, parents and friends most of us have absolutely no clue cryptocurrency. If they will now accuse you of thoughtless spending money on some bitcoins, you can say that you have no extra money to the asset class with much greater volatility. Fo...

Easier to nowhere: how to mine cryptocurrency in just one click for everyone

Easier to nowhere: how to mine cryptocurrency in just one click for everyone

do Not want to sit in a hot room with a dinning farms? Have WinMiner has the right solution. The service uses a sophisticated algorithm to maximize the effective use of the PC in the extraction of crypto currencies. From the user does not require any...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Hacker 1337. How to hack Etherscan not to cause any harm

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...

Place your bets: what Aldon will rise this week?

Place your bets: what Aldon will rise this week?

the Trend among altcoins do not change for several months — Monero, EOS, Stellar, Cardano and Litecoin continue to fall steadily. It's possible that soon, cryptocurrency will please investors a good point to enter the market. A de...

Why investors should wait to buy Bitcoin? Forecast analyst Fundstrat

Why investors should wait to buy Bitcoin? Forecast analyst Fundstrat

last week, Bitcoin showed record stability — the volatility of the coins fell to the lowest level in 17 months. This time it was a good opportunity to recoup losses for altcoins. Many of them really managed to rise significantly a...

Сopyright © 2018 | scienews.com | 7225 news