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Bitcoin Analysis Of Price Dec.22: it is a good correction, Or on the bottom? quick newsarenamw.com




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Information Bitcoin Analysis Of Price Dec.22: it is a good correction, Or on the bottom?


Title :  Bitcoin Analysis Of Price Dec.22: it is a good correction, Or on the bottom?
Lasting :   5,21
User :  Mara
Date of publication :   2019-08-06
Views :   405
Liked :   743
Downloaded once :   92


Frames Bitcoin Analysis Of Price Dec.22: it is a good correction, Or on the bottom?





Description Bitcoin Analysis Of Price Dec.22: it is a good correction, Or on the bottom?

Bitcoin Analysis Of Price Dec.22: it is a good correction, Or on the bottom?

From our previous BTC analysis of the prices and, as expected, Bitcoin is struggling to break the $4050 – $4100 resistance area.

In the absence of breaking had led to a regression or correction, and Bitcoin has fallen nearly $400 per day for a minimum of $3770 (Bitstamp).

Until now, that is a good correction to a gain of 30% in three days seems. The correction of 38.2% Fibonacci retracement level (marked on the daily chart) had reached about ~$3800.

Another reason for the correction could be the collapse of the global markets. In this month of December is by far the worst since December 1931. Wall Street fell from 6% to 8% percent in the past week, due to a growing interest.

Just 1 day & 4-hour graphics

The research on the 4-hour chart, the Bitcoin has to be marked with the support of the sliding end of the 200-day line (green) is clear. This is MY line of criticism, with the $3850-level support.The correction is therefore very good health. However, the daily chart, the stochastics, the RSI oscillator is overbought in the past. This is a stronger correction in the coming days could trigger.For the short-term, we can see that Bitcoin is in the vicinity of us $4000 for new, as well as the 4-hour chart, the RSI and the stochastics is on the verge of crossing the oversold area.The current area from the bear side, the support is located at $3770, $3700 and $3600.De the bull side, the resistance is $4050 – $4100, $4200 $4500 (with the daily chart, the 50-day moving average (white line).The last level of $4,500, with the MA-50 is an important level, a possible long-term development of the pulse-bassist.Trading volume: "we are a decent increase in the volume of the candle, the color green, while yesterday, the seller of the candle was short. This is the first rule of the market is by the buyer. Let's see how it continues here.BitFinex, open short positions sharply by 34.6 K BTC was gone. Do not forget that if the shorts are waiting in ATH, a "short squeeze". If the shorts are on the bottom, waiting for you a long handle.

BTC/USD on BitStamp 4-Hour chart

BTC/USD on BitStamp 1 Day chart

Cryptocurrency graphics of trading view. The technical analysis tools of Coinigy.



Comments Bitcoin Analysis Of Price Dec.22: it is a good correction, Or on the bottom?



Joker
nice team sniper
Comment from : Joker


Td1zzle
I feel uncomfortable having to read abilities/ skill
Just use ur voice/commentary

Comment from : Td1zzle



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