Analyze graphs: whether the rise of Bitcoin this week?

Date:

2018-10-01 22:00:06

Views:

50

Rating:

1Like 0Dislike

Share:

Analyze graphs: whether the rise of Bitcoin this week?

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 .

the

Why 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 network of Bitcoin peaked, but still normal

The network of Bitcoin peaked, but still normal

this month, the Bitcoin blocks are downloaded by 95 percent, but it almost did not affect the Commission's network of cryptocurrency. They remain relatively low average transaction cost remains at less than 10 cents. In the Twitter analyst Willy Wu p...

Why Bitcoin doesn't compete with altline? The main arguments of the expert

Why Bitcoin doesn't compete with altline? The main arguments of the expert

In a recent interview, popular cryptoanalysis Tony Weiss said, what is the main advantage of Bitcoin over other coins of the stock market. In his opinion, the use of alternative blockchains expose themselves to very great risks, as only now BTC is th...

Results of trading: the end of the week for altcoins?

Results of trading: the end of the week for altcoins?

popular altcoins is full of positive fundamental factors. But if we can match it with growth charts coins? Trying to understand the examples from EOS , Stellar, Tron and Cardano by changing their prices. The analysis will tell you at what rate it is ...

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...

How was September for the pool 2Miners? Start of production of ANON, a new bot and 8,000 miners online

How was September for the pool 2Miners? Start of production of ANON, a new bot and 8,000 miners online

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?

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...