RodrigoAguiarS
Giá xuống

Bitcoin: Descending Triangle Breakout

BITTREX:BTCUSDT   Bitcoin / Tether
Since the 4945 high Bitcoin             witnessed on September 2nd we have seen some bearish signals, resembling the correction seen earlier in June. Taking June as the base scenario for trend analysis, where the market experienced a drop of 38.55% from the June 11th high (2978) to the July 16th low (1822), and assuming that investor sentiment will behave in a similar manner; a price drop of the same magnitude will see Bitcoin´s price at around 3000 levels. The first bearish signal was lower highs, with key support in the 4000 range, thus forming a descending triangle . The 4000 support break and volume spike confirm bearish price action, with the next support tests at: 0.5 Fibonacci levels of 3600, 0.382 (3300), and 0.236 (3000). Based on June price action, the similar scenario would be the 0.236 level just bellow the 100 moving average at around 3000. At this point, if the MACD is around -37, 3000 may be an ideal entry point with a tight stop loss to prevent bearish continuation.

Similar to the market reaction in June, this does not look like a Bear Market. A correction that in any other market would be catastrophic (30-40% drops), seems to be the norm in the cryptomarket. Until the lower high trend line is not broken, bearish price action may continue.
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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 đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất