HiTech
Giá lên

Bitcoin Price Development

COINBASE:BTCUSD   Bitcoin / Đô la
Following the previous idea on Bitcoin, it found the support at the projected area, bouncing off the $5873 low. Bitcoin             also rejected the uptrend trendline very cleanly in addition with the 76.4% Fibonacci retracement level, and the price went up immediately.

The first psychological, as well as technical resistance at $10k, was successfully broken and now Bitcoin             is facing the downtrend trendline as the current potential resistance. There is no confirmation at this point of the rejection of the downtrend trendline and the price is likely to continue moving higher towards 38.2% Fibs resistance at $13k. If it will be rejected, the head and shoulders reversal pattern could be formed, which means the price will correct back to the $10k support. However, break and weekly close above the 13k             resistance should result in an immediate uptrend continuation towards either $17k or $20k resistance levels.

On the downside, two key support levels must be watched, first is a $10k, although the support area extends down to $9k. Second, and key resistance is at $6k, where break and close below $5873 should result in further drop towards $4k area, which at this point seem extremely unlikely scenario.
Bình luận: There is still risk bitcoin reaching one of the resistance levels and moving towards 4k
Bình luận: Now bitcoin could be forming the second shoulder
Bình luận: Bitcoin back at the trendline!
Top Crypto Telegram Channel: https://t.me/cryptopost
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/

ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf
It seems to have popped above the channel. Is that significant?
Phản hồi
HiTech Lain33
@Lain33, it is breaking above the trendline as expected
Phản hồi
@HiTech hello! Thank you for the chart!
May I ask you one question:
Does the SPX 500 have positive correlation with BTC?
Phản hồi
HiTech kwarty
@kwarty, at some degree yes, since they are both going heavily up in the long term, but I'd say on a shorter timeframes correlation would be very small
Phản hồi
kwarty HiTech
@HiTech, I should share with you this. You might know about this person and there is more then 20 minutes before the market opening today. The index SPX might drop down these days accoring to fractal analysis
https://twitter.com/ECantoni/status/965541600507113473
Phản hồi
HiTech kwarty
@kwarty, thank you, but i have no interest in sp500
Phản hồi
kwarty HiTech
@HiTech, OK) Also NASDAQ COMPOSITE showing the bubble structure btw
Phản hồi
@kwarty, Anything not blockchain related trading on the stock market has 0 correlation with BTC whatsoever.
Phản hồi
do you think it will be that easy to break 1/1 ?
Phản hồi
rapidbtc rapidbtc
the downtrend white line you have drawn matches with 1/1 on log scale
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người kiểm duyệt Giải pháp Website & Môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã Xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất