Bitcoin is under 9,000? You should probably be as in your face and rub it when you go to the bitcoin exchange rate know. This morning, before five o’clock in the morning, period, bitcoin is still quite merrily by 9,200 euros. But the pace picked up. Less than fifteen minutes later, it was the price to 8.791 million, a decrease of four per cent.
If you are new in the market, it can be a movement like this can be quite severe. However, the cryptomarkt, it is still a relatively young and small. Large variations, as these should be still there. So, keep your cool, grab a tea and take a moment to read this article.
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The 156-million-dollar longs have been liquidated
The cryptobeurs Bitmex, you can bet on the price of bitcoin. If you go short, than to speculate on a decline in the price. If you think the price is going up, go long. Rather, we are in a koersanalyse that many of the investors are long gone, and they expect the market price to rise.
But for the price it is this morning, just dropped in, and that creates a knock-on effect. The share price is falling, and that’s long been closed. This will make the course even more drops, more long positions are being closed. And so on. This name is also referred to as a lung squeeze.
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But is this a bad thing?
You can already see in the chart above, the market price is now easy with the lift. Also, on Twitter, keeps it feeling very positive.
Trader, Josh Brush set that’s 9.400 bucks (8.500 euro) to be an important level to keep an eye out. As of mid-June, this is a support. When the bitcoin price is not below this level, then there is nothing to worry about. But, on the other hand, bitcoin can be a lot more and have a couple of hundred dollars to drop.
$BTC
Not really worried unless price breaks and closes below $9400 again
This is the area to keep an eye on pic.twitter.com/dLRAht4DD4
— Josh Rager ? (@Josh_Rager September 19, 2019 At The Latest
And in the Netherlands, crypto-analyst and Crypto-Michael is a 21 EMA as a key level to keep an eye on. EMA stands for Exponential Moving Average, which is in line with the moving average of the stock price indicates. If a line is in a bull market to make up for the support.
And overnight, we’ve seen a drop on $BTC.
Knowing that the 21 EMA is below us, all around us $by 9,200-9.300 (I’m still expecting that review.
Alts will have a little / staying stable during this drop is also good, as they normally will outperform $of BTC when the market starts to grind it up.
— Crypto-Michael (@CryptoMichNL September 19, 2019 At The Latest
In the chart below, you can see the 21 EMA on the weekly level. With the use of the range, the price of a new move up. This should also be done?
Also, we have the calendar in place. On Monday, the 23rd of september to launch bitcoin futures trading platform-Bakkt. Investors are expecting that the market can have a major impact on the bitcoin price.
Exciting times for you! Continue to follow the bitcoin exchange rate to keep an eye on it and continue to read our koersartikelen in order to keep abreast of all the news in and around the bitcoin exchange rate.