Yes, bitcoin has a 10 000 dollar heels! That sounds a lot bigger and better than 9.230, but that, too, is no mean feat. At the same time to make it, you had to stay up late (or get up early), because the market price has reached this important milestone for three of the night. But don’t worry, who knows, it makes bitcoin even more fireworks in the coming weeks.
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Bitcoin is breaking out of a huge trend
It is, bitcoin has finally managed to make a huge line break. This is can be seen in the chart below, each candle represents a day. Please also note that bitcoin is just the bottom has been hit to the bottom line. This line is used for many years as a strong support.
The line runs from the top of 2017, to the top of the previous year. In this line, you can pass through, even in February, it was a strong resistance. The reason as to why it was not, perhaps, quite in accordance with the engineering analysis, because of the rapid spread of the corona virus, many financial markets are pulled down. Also, bitcoin was not not to be escaped.
From its low point in march, the recovery in bitcoinkoers very quickly. After nearly two months, the price had risen by 160 per cent! But the most important thing is that, in the course of the trend line is broken. The chart below shows price action from the past few months is better to go back, every candle on the chart represents four hours.
Mega, the indicator turns green
If you like pretty colours? It is the Super Guppy indicator is just the thing for you. It is not very serious about sound, this can be an indicator you are in fact a representation of the current market.
The indicator is to compare several moving averages (Exponential Moving Averages) with each other. The Super Guppy looks at both movements in the short-term (three-day) and long-term (hundred-days). Now, there are three types of trends:
The indicator glows in green when there is an upward trend.
The indicator turns gray when there is no clear trend.
The indicator turns red when there is a downward trend.
Generally, the Super Guppy is fine signal. In april, 2019 and the colouring of the Super Guppy, for example, for the first time in a long green. Hereafter, it increased the rate of 4.125 dollars (3.810 eur) to 13.875, the $ 12.820 million), an increase of more than 236 percent!
Also, at the beginning of this year, the Super Guppy indicator is a good example. The share price has increased at 25 per cent, to $ 10,500 (9.700 million). Not long after, the stock market, the market price for oil, and the bitcoinmarkt with each other.
Below, you can see that the indicator is in the long-term. As you can see, it gives the Super Guppy on the long-term, clear signals. With both a green and a red color is often a trend, at least for a couple of months. Especially in the run-up to the bitcoin block halving, that is full of hope. We are at the beginning of a new bull market?
Where in the course of the next few days are going to go?
The bitcoin managed to get $ 10,000 (9.230 euros) on tap last night. Will the price continue to rise? Or, we can make a fix to be expected? We will describe two scenarios, bullish (positive) and bearish (negative).
Bullish: Bitcoin soars up to $ 10,500 (9.690 million), on the graph, as indicated by the green line. It is also the highest point of the year so far, so it could be a strong resistance.
Bearish: In case of a decrease, will have capacity of 9,500, the $ 8.770 eur) is on the screen, the orange bar on the graph. In the last few months of this zone is varied with a strong support and resistance have been. Also, this price is consistent with the upper end of the sloping trend line, that can be used as a back up. Drop the price any further, then to 9,000, the $ 8.305 euro) for the following support. That is, the red bar in the graph below.