DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you have listened to me yesterday because I was right when I said that Bitcoin would go down! ( And to 7000 $ if there was bad news ) ( I know, I'm very proud when I'm right on a prediction ;-) )
The current support is located at 7000 $. There is a resistance at 7200 $. Sadly enough, the MACD has broken the support line that I drew. There is a good news, like you can see on the MACD volume, there is a W-pattern. This means that there is a lot of chances that we will see Bitcoin going up in the following hours. The RSI is touching the lowest line. That's good news in my opinion, because it means that it's a great time to buy! Like on the RSI, the price is also touching the lowest line of the Bollinger Bands!
Here is my price prediction: At the moment it's very difficult to predict something because there is only the MACD volume that shows us a possible rise. So I will not take a lot of risks. In my opinion, Bitcoin will go a little bit up in the following hours. Sadly enough, I can't say you to which price it will go because it all depends here of the upcoming news. If there is good news, then Bitcoin will break for sure the 7200 $ resistance. But you have to know that for the moment it's very difficult to predict something because of the lack of indicators that are able to show us the future. Don't forget, that if there is bad news then BTC will go to 6800 $!
Thank you for your support,
Maxime Desalle
Good afternoon dear traders,
I hope you have listened to me yesterday because I was right when I said that Bitcoin would go down! ( And to 7000 $ if there was bad news ) ( I know, I'm very proud when I'm right on a prediction ;-) )
The current support is located at 7000 $. There is a resistance at 7200 $. Sadly enough, the MACD has broken the support line that I drew. There is a good news, like you can see on the MACD volume, there is a W-pattern. This means that there is a lot of chances that we will see Bitcoin going up in the following hours. The RSI is touching the lowest line. That's good news in my opinion, because it means that it's a great time to buy! Like on the RSI, the price is also touching the lowest line of the Bollinger Bands!
Here is my price prediction: At the moment it's very difficult to predict something because there is only the MACD volume that shows us a possible rise. So I will not take a lot of risks. In my opinion, Bitcoin will go a little bit up in the following hours. Sadly enough, I can't say you to which price it will go because it all depends here of the upcoming news. If there is good news, then Bitcoin will break for sure the 7200 $ resistance. But you have to know that for the moment it's very difficult to predict something because of the lack of indicators that are able to show us the future. Don't forget, that if there is bad news then BTC will go to 6800 $!
Thank you for your support,
Maxime Desalle
Thank you for your support,
Maxime Desalle