At the time of this writing, the bitcoin (BTC) price $7.988 from Bitstamp. What will the market do? Read the analysis of the Altcoinbase.
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Bitcoin (BTC) weekgrafiek
We will look at the weekgrafiek is a very good channel, which at the moment we checked in, bitcoin will maneuver itself to a number of months in the channel ($9.400 – $7.200, please refer to the following figure 1, the ed.).
If we use a Fib retracement to draw it from the lowest to the highest point we could see where one may buy time for bitcoin is.
That is, when the so-called “golden” pocket level”, which is from $7.261, and $6.915.
I suspect that if we’re going to bags, as this is a very nice opportunity to get bitcoin out there somewhere to buy it.
Figure 1: Bitcoin (BTC) weekgrafiek
If we look at the history, we can only conclude that the rejection, or the sale often takes place at the 618 line in (golden (pocket).
In other words, we can look at this as a great opportunity for those of you who haven’t yet bought it, or just wait until a good moment (this is not financial advise, eds.).
What is striking is the volume of a long way at this point. And here it is, for me, is also a point of caution.
$8.500, is now a serious resistance at the weekly timeframe, as well as $7500 in a potential support level.
We’re going by that, you, the golden-pocket limit the following scenario.
Bitcoin (BTC) chart
On the chart, we can see in addition to the above-mentioned items, including the cars that are present (refer to figure 2, in red. ) Also, I have made my forecast for bitcoin, in a potential scenario to perfection.
I expect to be around in the golden pocket is level enough for the buyers to bitcoin for the time being up. Question is, of course, is whether or not my expectation contained therein is correct.
Immediate resistance to bitcoin on the daily is at around 8600 dollars, and have a greater resistance, that is, the trendresistance around $9.500.
The $8.600, resistance does not fall out of the sky, and this was back in may, and is now used as a resistance.
I can see there isn’t much good at the moment for bitcoin and it is expected, therefore, that we are a part), respectively. Please see the chart below for more information.
Figure 2: Bitcoin (BTC) chart
Bitcoin (BTC) 4 uursgrafiek: resistance and support
If you’re on the 4 hour watch, you will see that the bitcoin, it is best to be bad for the state. We will continue to be for quite a while, in the same range to hang out. Due to a lack of buyers, we couldn’t get any more.
We can see in the chart, this is also a nice bearflag is in the works. And 4uurs card is that it is quiet in the place.
I was expecting to be honest, a little bullish movement now to that of bitcoin.
If we look at the shorter-end and for your support, we have support at $7.900 to $7.750.
The weerstandszone is set at $8.375, to $8.500.
This resistance appears to be getting wider and wider, and it’s getting harder and harder for the bulls to get out there again to break them down.
Figure 3: Bitcoin (BTC), the 4-uursgrafiek
Bitcoin domination: 66%
Because of the btrcoin’s dominance on the high side, the smaller cryptomunten a small space. Bitcoin is currently at an impasse, so investors don’t have other options.
We saw a bit of good news about ethereum (CFTC, which is the ether, to see it as a commodity, ed.), but as the market picks up this is not.
Everyone is waiting so anxiously to what is going to happen with bitcoin, and it comes with an eye for price developments on the other cryptovaluta.
We don’t koopwaardig’
Bitcoin doesn’t look good at the moment, and I’m certainly not the buyer. For me, it is really a golden pocket-level interest $7.200 to $6.900. I expect that a lot of buyers going to sign up for bitcoin.
Altcoins are cheap as chips, but it may still be a little cheaper and it’s better to wait a moment.
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