By The Editorial BoardA 1-minute geleden1 september 2019
Bitcoin (BTC) anlayse by the following : what do the charts on the different scenarios?
The BAC’s analysis of the last week, did you read that I’m a fall towards $9.400-$9.600 to do. After that, we had to seriously look for $8.800. And that’s exactly where we are now, a week later, with the exchange rate, on the orderblock) of $9.400-$9.600.
Contents
Bitcoin weekgrafiek
On the weekgrafiek is currently in a descending triangle to be visible, and if it would be then that would be a bearishe candle to his. So it’s likely that the price will go down, and earthquake.
If we look at the last bullrun (compared to the one we see a lot in the past and at present), we see that we are in a phase that is marked by a yellow circle.
We do not currently have the EMA21, not tested, after the rise at the beginning of February was used. A test at the EMA21, it is quite possible. The EMA21 has proposed an orderblock on a lower timeframe (which we will see later in the analysis).
Bitcoin weekgrafiekOp the chart, we can see that for the fourth consecutive year, the green orderblock will be tested. The more the support is tested, the weaker it becomes. Is the EMA21 and EMA8, two weeks is bearish, and it doesn’t seem to be in the next few days are going to run.
It may be that we will have a small upward move seen in the direction of $10,000 – $10.100, but in the end, we are in the green, orderblock-breaking to go grey orderblock is $8.800 – $8.500-to-go . The weekgrafiek this orderblock confluence with the EMA21.
Bitcoin chart
On the 4 hour chart we can see a bearflag forming this pattern, it has a probability of 68% or higher in order to include the trend to continue. We can see that price is struggling to get on top of the green, orderblock-to-come. Should this pattern continue, it is more than the target of $10,000 – $10.100, at the end of the pattern. All in all, it doesn’t look good for the short term.
Bitcoin 4-hour chart
What does bitcoin have to do?
Right now I’m not in a position to. All of this indicates that we still have a bit to go up to $8.800 dollars a visit. With this move, I want to go short sell. We are the $10.200 break, and find support, then I’m going to look for a long position.
If you want more of my analysis and see this, come in to our TA to chat to Telegram. If you would prefer to technical analysis is going to make? It is one of the courses may be for you.
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