Bitcoin has two of the heavy easter is behind us! On a Sunday during the easter brunch a lap of the course, and suddenly, with a five percent. However, on the Second day of Easter popped up in the share price by more than 8 percent, back down the hill. In case you are during Easter, not much has been done, it was at least interesting to take the course. But what can we do in the coming week bring?
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The decline could be due to the opening of the stock markets
On the Second day of Easter popped up in the price of bitcoin is so down on that day, the stock markets in the Netherlands, will be closed. However, that is not a public holiday, and in America, as it was yesterday, ‘business-as-usual (bau). Before the markets opened was from 00:00 hours, central european time is already speculating on the Dow Jones.
And it is exactly the moment when the speculation began, the value of the Dow Jones futures contracts in the other (the red line in the chart). At the same time, the price of bitcoin is low (green line on the chart). There Is a direct correlation between these two events? That is, it is not clear, but the timing of it is quite eye-catching.
Bitcoin is sand at the falling trend line
You are looking below, go to the bitcoinkoers by the end of February through to the present day. Every candle on the chart represents four hours.
Bitcoin is, after the middle of march, with more than 75 percent of the value of increased. Even so, the share price is now at a strong resistance. The resistance shown on the chart at the falling trendline.
Each time the line is touched, it drops the value of the bitcoin is back. That is, you’ll see the red arrow on the chart. The last time that bitcoin, an attempt was made to have the line break on the evening of the First Easter day. Or do you refer to that First easter evening?
If the share price increase, the trend line is, again, a strong resistance. At this time, we will find the resistor is around $ 7,100 (6.500 euros).
Shooting star is not a good sign at all
We focus heavily on the plot. You have to look at the bitcoinkoers by the end of 2017 and through to the present day, each candle represents a week.
The last candle set this week for you. We now have very little to say, and the week has only begun. The energy, which is much more interesting. The week ended with a shooting star, and that is a bad sign for the next couple of weeks.
A shooting star is a candle, which is often on an increasing trend. The week concluded with positive results, but the actual growth is at a minimum. The candle has a long wick (a horizontal bar above the header), but with a short body (beam).
The difference between the top and bottom of the bar represents the increase in the previous week. However, the line above the bar represents the price the previous week, much higher than it had been. In many cases, it is a sign that we are in the top, you have seen it, and the price may go down.
A bad omen for the next few weeks?
So, what can we, the bitcoin exchange rate to expect?
Actually, it will be the same zones apply as in the previous analysis are also discussed. We will discuss two scenarios: a positive (bullish) or negative (bearish).
Bullish
Rising bitcoin, then the price of the top of last week’s visit. In this case, it is 7.400 dollars (6.800 euro) in the first instance, to be a strong resistance. That is, we will show you the light green bar on the graph.
They succeed in bitcoin for this resistance to be overcome than 7.800 dollars (7.125 euros) on the horizon, and the upper green line.
Bearish
At this point, is 6.700 us dollar (6.125 euro is still a strong support. But what if, in the course of there it drops? It is possible that in the course terugzakt to 5.800 dollars (5.300 million), with the next major support.
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