G-Cryptotargets – The bitcoin (BTC) exchange rate is Monday afternoon due to the $10,000 to broken, after an age of time period of side to side movement. In the preceding analysis, (G Cryptotargets is predicted that in the direction of the $10,000 available, before the price is lowered. But is this really the case? Click here for more information.
Contents
Bitcoin (BTC) weekgrafiek
In the following weekgrafiek, we can see that bitcoin is at the moment no support can be found in the support symmetrical triangle.
We have just two of the so-called fibonacci retracements of 2017 and 2018 are there and they are very close to each other.
This is a method for determining the support and resistance levels of of of BTC is to be determined. Here are the retracements from the year 2017, and december 2018 to June 2019 at the latest.
Bitcoin (BTC) on a daily chart
The daily chart shows that although the support have been found to be a symmetrical triangle.
The bottom of the symmetrical triangle, we need to take in consideration. The CME Futures markets gaps and the bearish MACD crossover on the weekly chart in the back of my mind, it is likely that this support will be tested.
In case of the symmetrical triangle, support for more features, then we’re going to go back into the descending triangle, with a as the bottom levels of $9.050 to $9.150.
As the MACD on the daily chart is likely to be bullish, go cross, go, we, for the time being assume that we have $10,000 in the short-term are going to tap.
The downward trend of the descending triangle is currently at +/- $10.680 – $10.800.
Bitcoin (BTC) for 1-hour chart
On the 1 hour chart, we can see that Bitcoin is currently in an ascending triangle are there.
As we can see, the Relative Strength Index (RSI) was overbought, which is not yet the ideal moment of purchase it is. (the RSI will help you with your buying and verkoopmoment to make that determination, eds.)
We’ll see what happens with a possible long position (that is, speculating on a higher price in the future, eds.), in the zone of $9.700 – $9.750.
Conclusion
We are in the short-term bullish, which is the risk that the market price is rising in the direction of the zone, the $10,300 is a plausible scenario.
However, in the medium term, we are bearish with a as goal of a $7,000 to $7.450, because in the end, the CME futures for the week.
In the long run, however, we are very bullish on bitcoin.
G Cryptotargets
G Cryptotargets is a young traderscollectief since 2011 and is active as a trader in the cryptomarkt. In order to be successful in the cryptotraden with a leverage effect (leverage) you need to be on top of things, and there’s a lot of time to devote to it. G-Cryptotargets offers you the opportunity to take part in a poolaccount.
In addition, there is a complimentary Telegram to the group, in which users ask questions and where the administrators are operating with each other on the second floor. We have almost daily calls with our (paying) customers will be able to join the trade.
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NOTE. This article is not financial advice and is only of educational purposes as well.
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