thomasfar6
Long

BITCOIN - The Trend Continues.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
From my previous analysis (which you should check out on my page), we have kept the symmetrical pattern intact and so far Bitcoin             has remained bullish (As my last TA indicated it would. "TA - Technical Analysis"). Now, this is similar to my last chart, however, the pattern has slightly changed. We now should look at the red rectangle as a point for optimal buy entries as that is where the support lies for the price (which also tells us we may see a short-term dip on Bitcoin             in the upcoming days to return to this line which would be around the high $10,000's). Currently, the market is fluctuating between the resistance and support but also should be seen as a period of consolidation which is usually a bullish trend , once this consolidation begins to fade it is likely that the price will see an increase in value.

  • MACD - A nice support has formed on the RSI , we could expect for the price to touch down on this before continuing the trend higher.
  • RSI - similar to the RSI heavy supports have come into play and are acting a barrier to hold the Bitcoin             price up, this is a good signal.
  • Orange - Resistance.
  • Pink - Support.
As always trade the lines accordingly.
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out