HiTech
Long

BitBean VS Bitcoin Hitting The Bottom

BITTREX:BITBBTC   BitBean / Bitcoin
Today BitBean has reached the low, hitting 57 satoshis level. There it has rejected the 88.6% Fibonacci retracement level as well as reached the bottom of the descending channel , and rejected it.

The RSI oscilator shows the bullish divergence which could mean that the bottom has been reached and price could start to move upwards. While the support is holding the reversal probability remains extremely high, providing a strong buying opportunity with a very good risk/reward ratio.

BITB/BTC could reached one of the previous resistance levels, that correspond to the extended descending channel upper trendlines . First resistance is seen at 105 satoshis, and second at 158 satoshis. These are only nearest resistance levels and potentially price could go much higher producing a new all-time high.

Daily break and close could invalidate bullish outlook an
Now BITB loooks good to buy! What are your thoughts?
Reply
HiTech JohnthanLittlewhirlwind
Reply
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
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out