A week ago, shot in the bitcoin price following our koersanalyse like a rocket. Bitcoin has risen by more than 40 per cent, the biggest daily increase since 2011. As it was, almost to the value of 9.500 euro to touch it, but it was only for a short duration of time. In the meantime, the average price is around 8.200€. What can we do for this weekend, bitcoin is likely?
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The movement had been there for a bit to come out
But first, a look back. We could make this movement a week ago to see this coming? The answer is yes. You can see below, bitcoin price chart, on a daily basis, from may until the end of november:
The indicator is the Bollinger Bands. It is the amount of space between the top and the bottom, smaller and smaller, there is a greater chance that the market breaks out. This name is also referred to as a Bollinger Squeeze. The bandwidth is, as it were, pressed together, and then in the direction of a the direction of to choose from.
As it turned out, that this outbreak is down, but bitcoin is soon to be handsome. After a koersexplosie of more than 40 per cent, we are now much better than it did last week.
The indicator says nothing about the direction of the breakout. As the chart shows, there may even be a decrease if the increase is prevented.
Price will help..
We focus a lot on the graphics. Each and every candle is now an hour. What is there in the aftermath of the large outbreak this past weekend?
On Saturday, the bitcoin share price by more than 15 percent of the time. That’s actually not bad after such a big rise in you can also make a correction to expect.
After that, he moved the course is mostly on its side. At this time, it’s hard to say what the direction of the bitcoin exchange rate choice. Indicators such as the RSI and the MACD have been remarkably non-partisan.
However, it is good to see that the value of a bitcoin is still much higher than in the previous week.
With this support, we will be back!
We focus again on the chart. You will see the bitcoin price from June right through to the present.
At the end of september, dropped down to bitcoin due to the lower bound. And that was in a quarter of an hour of time lost, bitcoin is one-tenth of the value. However, the explosive growth of the last week, bitcoin is back again.
The share price is now above the strong support (see green line) over the past few months. And that’s a good sign. We now have a bit more to the top of the focus. 12.200 euro is at its peak in 2019, which is becoming more and more in the line of sight.
Bitcoin is on a thread
And that thread is the 200-day Moving Average. In our koersanalyse on Tuesday, and put the stock price is above the line, but for now it seems bitcoin is the line to be tested.
The 200-day Moving Average by analysts, often quoted in order to decide whether or not an asset is in a bull or bear market is. In the next few days will be very exciting. Remains, bitcoin is top of the line? The bull market is intact and we are in a structural increase to be expected. We love to see you!
So what can we expect to see from bitcoin?
In the next few days, and it is, therefore, a question whether or not the bitcoin price to its 200-day Moving Average, you can defend yourself. To be successful, then the bitcoin is it good for you.
Furthermore, our expectation for today is the same as on Tuesday. The price of bitcoin has continued in the meantime, not a lot of movement. As usual we have drawn up two scenarios.
Bullish
The top is from last week in the night from Friday to Saturday (9,500 euros), a new resistance is forming. The resistance we are using is the red bar. If the stock price at this level you have to overcome? Then we can have a closer look. In our previous analysis, we discussed that it is 10,000 euro, to a level that can be.
Bearish
Drops bitcoin of the 200-day MA? Then it falls to the share price in the most negative scenario, for 6.700€. That is the zone that we have with the green line shown in the diagram. In this scenario, it seems to be very pessimistic, but bitcoin can be all over the place. However, we expect that the bitcoin support you can find.
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Alpha, Bravo, Charlie, roger that! On Tuesday, it announced that, we are sure that you will have a Ledger is the Nano’s would win. Kilo Bravo has responded, and it was the closest thing to a prediction from 8197 to the euro. Happy birthday!
On the 31st of October at 23:59, this was in the course of our koerspagina: