The bitcoin (BTC) prices is a bit of peace as a result of the large increases in the cost of the last period of time. What do the charts on the different scenarios?
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The weekly chart
This weekend, we have a stunning increase, considering that of bitcoin. The price shot over $3200 raised, and produced after some time. For the price of one BTC is currently around $9.400. And maybe we get to a new area of growth.
What we are seeing in the graph is a straight line in the direction of the 618 line. To make a serious effort to be more bullish and to be looking at the $10.400 level.
If we are a good break through support, then we can look in the direction of any other amount, which is far in excess of the $10,000. Also, we can see that the volume during the deliberate increase of almost $45 billion.
In comparison, we’re sitting with about $32 billion, according to CoinMarketCap to a high level.
It is not yet clear what will be the resistance around the level of $9.800 going to do it. As the course came to be more likely not to work through it.
Bitcoin day to day
If we look at the daily chart we see that bitcoin is a good steps it has taken to be back on top in the $10,000 to go to amsterdam. We can see that we are on the top of the trend, experts have come up.
This is an interesting development. I suspect that, if we are on the top of this trendresistance conclude that we are in a R/S flip chart for bitcoin.
This means that the trend of resistance, trendsupport is going to be. If we have the volume look, this will be the volume at the same level as in may of this year. It was also, as a precursor to a major area of growth.
China is now waking up, the question is whether other countries, too? It would be interesting at $10.600, on the daily chart.
Bitcoin 4-hour
As for me, on the 4 hour chart as well as a bit of a concern for the formation of a rising wedge (see chart). This pattern might be a spanner in the works can throw in for bitcoin. In addition, there is not really a follow-up volume.
I hope we get a good volume boost for bitcoin. We are going to be the rising wedge to play, we might just see a return to $8.900. Through this break down, it means might be a new bullish program for bitcoin.
We are only at the beginning of the week, but this is going to be already having a great week with lots of volatility.
What does bitcoin have to do?
Bitcoin is, this wouldn’t be a very nice week here. My hope is that we are positive to continue to keep it. A small kanttekeing: press and hold the forming a rising wedge in the hole.
There is more volume in than last week, and in addition to, just as much as the volume of water increase, this year, in may. It is hoped to have a follow-up to the volume and associated price action.
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