The entire market currently holds the breath. The reason for this is the Bitcoin exchange rate that has swirled in recent days, the whole Crypto-scene. Within just a few days, the BTC price has written literally history.But what happens next? This is a question we devote ourselves to in the third and final analysis of our TA-Tuesday. In addition, we talk about that$ 16,000 a forecast of a supposedly time traveler, and we ask ourselves if the Death Cross is unjustly forgotten. It is so exciting!Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!
Contents
The Bitcoin exchange rate and the order in the Chaos
The Bitcoin exchange rate Pump is likely to have been a nasty Surprise for one or the other Trader in the market, while investors and Hodler had been partying for a long time much too. The one suffering is another’s joy. This saying proves true again and again in the market.But we will devote ourselves to the actual purpose of this analysis: What is happening with the Bitcoin price next?The weekly Chart very quickly a lot of order in the alleged Chaos in the market and allows us to the current Situation to quickly classify.BTC/USD weekly ChartDer resistance and the support line are clearly identified, and could possibly frame the Range in which the Bitcoin exchange rate moves in the next weeks.
The future of the Bitcoin price?
The incredible prediction of the time traveler, who said that for the October one Bitcoin, the price of 16,000$ advance is of course.
If we keep going like this we’re going to make it ? pic.twitter.com/n4zyCkatKs— Crypto₿ull (@crypto bull) October 25, 2019
While he was with his first two predictions, although scrupulously correct, we should see the fact that the month of October is in just a few days, the accuracy of his third prediction on a hard sample.Apart from this forecast is the possibility that the Bitcoin exchange rate fluctuates in a timely manner on the line of resistance to move without the great in the opposite direction, of course.The histogram of the MACD indicator is also an indication of a possible impending trend reversal. The same when the indicator reaches only validity when it comes to Cutting the signal line, you can use the histogram as an early warning system for androhende trend change. A early system is, therefore, because it reacts faster to the market, at the same time but it is also less reliable.Trading on BitMEX, with up to 100-fold leverage. Do you want to move also larger sums, but the money is missing? On BitMEX, you can act through the lever with 100€ a volume of up to€ 10,000 and your profit times the verhundert. Of thinking but always remember, the higher the leverage, the greater the risk! Now on BitMEX sign up.
The danger for the Bitcoin exchange rate is due to the Death Cross over?
Last week, the Death Cross was still all the rage, today one hardly ever talks about it. But the danger is due to the very bearish indicator already over?We take a look at the daily Chart of Bitcoin, we can see that has formed in spite of the rapidly rising BTC price, the Death Cross.BTC/USD daily Chart, The fact that the Bitcoin exchange rate has managed the 200 MA line (red) to break through is very positive. At the same time, it is only half the battle. Because we should not expect in the next few days an unlikely decline, is a test of the 200 MA line as a support line.The 100 MA line (orange) receives the Bitcoin exchange rate namely already downward pressure and the price of 8900$, and therefore under the Death Cross should be close, will the BTC rate its downward trend is very likely again.
So what happens next?
As we now know, there are different scenarios, which I consider a direct increase in the price over the Resistors as a rather unlikely, but not impossible.Much more likely, I think, however, the scenario in which the Bitcoin exchange rate between the 200 and 100 MA line on the daily Chart is pressed. The resulting direction of the breakout is decisive for the Course for Bitcoin in the next few weeks, if not months.Or has right at the end of the time travelers? We let us surprise.You should, however, have already a premonition, then the opportunity for you to use to position at eToro in time on the market. eToro has a high ease of use and lets you fall, as rising prices put. A judge today for a free Demo account and convince yourself of the benefits of the world’s leading Social Trading platform.75 % of private CFD accounts lose money. No EU investor protection.What do you think about the Bitcoin exchange rate and its current Situation? Have we already reached the bottom or is that just the half in a game that the Bitcoin exchange rate loses? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock Trading View)