By Altcoinbase – The bitcoin (BTC) exchange rate is moving in this morning, from $10.500 to $10.650. What can we do in the short term expect to get? Please refer to the technical analysis of the traderscollectief Altcoinbase.
Contents
Bitcoin (BTC) weekgrafiek
If you’re on the weekgrafiek look of a single bitcoin (BTC), it will move the price is still the same bullish triangle on.
The trend resistance line in the upper triangle is set between $11,000 and $11.200 (refer to the figure below, red).
Therefore, there is a reasonable chance that we may be rejected. This will also mean that we are again offering a lower high to create.
But the week is only halfway through, and is still in the mail.e.a. that to happen. What is also striking is that the weekly volume is rather on the decline (see the figure below, red).
It would be, so you should be able to take in order to have a right of entry to to decide.
For now, we have a weekly support at around the $9.800 and the immediate resistance is around the $10.600, and the trend resistance at around $11.000.
BTC weekgrafiek (click to enlarge)
Bitcoin (BTC) on a daily chart
If we zoom in on the chart, we can see a potential trendchannel occur. The upper trend line is around $11,000 is located on the lower trend line at around $8,000, is located.
This could be a very interesting development with regard to bitcoin (BTC) and the purchase price.
We will see the same volume pattern on the weekly, that it is strongly decreasing.
In addition, we will look at two different scenarios. Scenario one is a rejection from the top trendresistance line, after which they go down.
This is, in my opinion, a very viable option. If we were to break down, and a scenario with two to play, then we can look at $12,000 and up for bitcoin.
However, I expect that we will be rejected, is around $11,000 and then more of a fix to get at the heart of the triangle.
A koopmogelijkheid for a single bitcoin, you can do it: d.m.d. dollar-cost averaging. You will buy so more and more bitcoin at a lower price, so that your average cost per bitcoin is going down.
The BTC chart (click to enlarge)
Bitcoin (BTC), the 4-hour chart
The 4uurskaart shows a large descending triangle, which bitcoin is a movement. Like there is now a site to go to win, they will have the $11,000 is borderline to go on break, and just stay there.
It is important that this take it you don’t want the check back, and we may be able to turn back in the direction of $9,000 each, and may be even lower.
As noted earlier in this analysis, there will be a $11.000 frontier is a significant hurdle for bitcoin to take it.
And my guess is that we will not go through to break, due to the fact that the volume is enormous, low, close of last week.
In addition, we also have consecutive weeks of lower highs have been created in the larger different time frames. All in all, they have plenty of reason to be cautious in order to just like bitcoin is going to buy it.
BTC 4-uursgrafiek (click to enlarge)
Conclusion
We have seen a very nice fakeout for bitcoin, that there will soon be caught up with the price of a bitcoin is above $10.600 – $11.000.
If we use the $11,000 is not a break up, expect that we will continue to go back and pockets in the direction of $9,000 each, for up to $8,000 per bitcoin.
So you have to be aware of.
On Altcoinbase
This is our vision, and is not financial advice. If you are a Altcoinbase meetraden? Or rather, the first, a seminar or an online course? Take a look at the web site www.altcoinbase.nl for a wide range of options.
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