At the time of this writing, uses the Bitcoin (BTC) for a fee of $7.970-with a temporary bottom in the $7.811 on Bitstamp today.
The bears are in control and that we are still in the $7, 500 for visit? Click here for an analysis of the Computer your House.
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Bitcoin (BTC) chart
On the day, it is easy to see that the bears are in control. We have a couple of red days in a row, but it seems like it does not have to be finished.
Bitcoin is, at this point, still subject to all of the key Exponential Moving Averages (emas) on the daily time frame. So, it is a sign of trendswitch, it is not yet in sight.
Another important message, which is not a good signal, that is, the well-known “Death Cross” is coming closer.
It’s a mix of the 50’s), Moving Average (MA), with the 200 MA. However, I give more importance to the Death of Cross of the 50EMA with the 200EMA.
This is what I have, so next week a close eye on the go to keep.
Figure 1: Bitcoin (BTC) chart
Bitcoin (BTC), the 4-uursgrafiek
In the 4 hours time frame, to zoom us a bit more in the Bitcoin movement.
For now, it seems that we have yet to have one move down, move to make toward the $7600 – $7700-zone, the wave 3 is complete.
This is done, it would Bitcoin is back to $8.100 zone, and the wave 4 this weekend.
If we do not have a strong well see, that I am afraid of an extended wave 3.
This would mean that we have to be a whole lot deeper to be able to fall, for example, the targets are $7,500 and $7.200.
It may be that we may need for the big bear flag is going to play out as at the end of the target to a ‘sore’ $6.500.
* * * * In the Youtube video at the bottom of the article, I will explain briefly, when we speak of an extended wave 5, or if we are able to go to a bounce.
It is also neat to see the how to Bitcoin due to its EMA 21 in a 4 hour time frame once again, it is reflected back. For me, that is a sign that the bears are in control.
As you might me used to it, it is the eu-21 (4HRS) with a strong enough signal to see whether or not we are in the small time frame bearish or bullish, are.
Figure 2: Bitcoin (BTC) 4 uursgrafiek
Support levels (in US$)
7.900 (short-term)
7.750 (short-term)
The 7,500 (short-term)
7.250 (short-term)
7.100 (short-term)
6.800 – (mid-term)
6.500 – (mid-term)
Resistance level (in US$)
There are 8,000 (short term)
8.150 (short-term)
8. 300 – (mid-term)
8.500 – 8.600-zone – (mid-term)
8.800 – (mid-term)
We are going to continue to dip towards $7.600?
At this point, Bitcoin is still a bit lower to fall today (Friday) for the $7.650 – $7.700-zone to find.
In this range, I hope to be a strong, but will not be able to go to a deeper trap.
When we have a strong bounce, it is possible that the bitcoin is once again in the $8.100 area to look, which is also the 0.382 fibonacci’s sequence, so as to have a wave 4 to be formed.
Bearish:
If Bitcoin were Local to Low to break (in other words, the $7.720), but the lack of a strong bounce in this range, I’m afraid that we may have a more extensive menu.
This can be Bitcoin is up to $7.400-$7, 500 for this past weekend.
(See the video below)
Figure 3: Bitcoin (BTC) 4 uursgrafiek
Figure 4: Bitcoin (BTC) 1 uursgrafiek
YouTube
In the following video, I give an explanation in the written report. Also, I take it that the Bitcoin’s dominance will be under scrutiny.
The Computer House
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