That was fast! At one time it rose and fell with the bitcoin price, with five percent of the time. This happens in the stock market, then you should get to your seat in surprise. But with bitcoin, it is normal. Also, during the year.
Speaking of christmas, merry christmas! Read on to do this koersanalyse for you to join us with your family (in law). Because of this, time and time again, a Ledger Nano, it’s a win!
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Contents
At all times, it is a positive
Go back to the analysis! For the price it is now, so what will fail, but when you compare it to the bottom of last week (the second circle in the diagram) state of bitcoin is still more than twelve per cent in the plus.
The floor of last week, is at the same level as the previous bottom on the 25th of november (the first circle on the chart). In technical analysis, you call that a double bottom to be dispensed.
And it’s usually a good sign. This could indicate that the downward trend of the past few weeks is over, and that is the exchange rate in the long term, may rise.
Stop! Hammer time
Also weekniveau, we can see a good thing. The candle of last week is in the shape of a hammer. It has a long wick (one stripe), and a relatively short body (green square). You will see a decline in the price? This can be a bottom state, and, therefore, it is the beginning of a new area of growth.
The indicators give a lot of
That is, the exchange rate in the long term, it may rise also seen in the RSI and the MACD. You are looking at the bitcoin chart it on a daily basis, as you will see in the course of July through to the present day.
For the price it makes a downward movement, however, the risk of RSI (the second chart) and the MACD (bottom of chart) was up just. Say, you have to pay close attention to. Or, in less fancy words, the stock price moves differently than the drivers. And that, too, is a sign that the trend may be reversing.
A Half years in the channel, but this time out?
In reality, however, is that the course is already half a year, moving between the two descending trend-line, which is called a channel.
The course of this time, however, this channel is able to break free? The double-bottom, the hammer, and the difference in hope.
Will the bitcoin price be the channel to break up, then bitcoin is a value that is higher than 7.800 euro is reached. This is equivalent to the upper trend line.
You would have to say that this will not last forever, and because ?
What do we expect from the bitcoin price?
Nice and cliché to say it, but it may be going in all directions. And so, here we are, in an objective manner, as we are two different scenarios. A positive (bullish) or negative (bearish).
Bullish
The biggest drawback is now on the top of the channel around 7.800 euros. Breaking the price out of the channel? The peak in 2019 and again in a vision, in approximately 12,200 euros.
Bearish
In the negative case, when the price went back to € 6 000. That is, the base of the previous week. Anything below that is an important support on the chart, the orange bar). This area is located around of 5,600, and was in the first half of 2018, with a strong support. The course does not have a (christmas)pudding is in pockets.