There are two ways of a bitcoin ahead of $ 10,000.(20180428)
There are two ways of a bit coin ahead of $ 10,000.
(April 28, 2018 Bitcoin technical analysis by Brandonhahm)
Hi ~ Traders!
I am branddon and posting mainly Cryptocurrency including bitcoins.
The technical analysis of the remaining ten representative Cryptocurrencies, including coin market cap,
You can see here. >> www.allaboutforex.net
So let's start the technical analysis today!
First of all, as you can see, the buying entry bitcoin was once on April 12!
Another time on April 18! And you are a situation now.
It's easy to see this chart!
There is a cloud with a gray color that shows the main trend and a red cloud that shows a general short-term trend.
The biggest reason that the bitcoin is on the rise is the relationship between the short-term trending red cloud and the long-term trending gray cloud.
You do not need to draw a trend-line at all, if you are comfortable in a bull market, buy only, and sell in a bear market! Is it easy?
When you see the chart of the current bitcoin, you can see the spot where all the red and gray cloud BTC price pierced? From that point on, the first rise of bitcoin started.
The price around that is around $ 7770! If you bought a bitcoin here, you'll be seeing a profit of 20% ~ 30%. If you did not buy a bitcoin here, there was a second re-buying zone. Simply put, when the price is on the gray cloud then price re-breakup the red-cloud, the second part is the part where you have to buy it.
The price for the second segment is roughly $ 8210. And now the situation of bitcoin! At the current price of around $ 9370, there is a third section that you should have bought there spot. However, the price dropped slightly to around $ 8780, then bounced back from the gray cloud indicating a big support line again, and then back up to around $ 9200!
What should you do? There are only two things. I'll tell you the solution now.
First solution
>> There is a third buying section near $ 9300, so there is still a way to buy it. But do you see the green line I painted?
That line has previously served as a resistance line, but now the market has turned into a support line breaking through. Based on the support line whose role has changed, you'll stop loss there!
Second solution
>> If price breaks down the gray cloud, unfortunately the bitcoin downfall will start once again. You have to settle all the positions you bought a bitcoin for your risk management!
(April 28, 2018 Bitcoin technical analysis by Brandonhahm)
Hi ~ Traders!
I am branddon and posting mainly Cryptocurrency including bitcoins.
The technical analysis of the remaining ten representative Cryptocurrencies, including coin market cap,
You can see here. >> www.allaboutforex.net
So let's start the technical analysis today!
First of all, as you can see, the buying entry bitcoin was once on April 12!
Another time on April 18! And you are a situation now.
It's easy to see this chart!
There is a cloud with a gray color that shows the main trend and a red cloud that shows a general short-term trend.
The biggest reason that the bitcoin is on the rise is the relationship between the short-term trending red cloud and the long-term trending gray cloud.
You do not need to draw a trend-line at all, if you are comfortable in a bull market, buy only, and sell in a bear market! Is it easy?
When you see the chart of the current bitcoin, you can see the spot where all the red and gray cloud BTC price pierced? From that point on, the first rise of bitcoin started.
The price around that is around $ 7770! If you bought a bitcoin here, you'll be seeing a profit of 20% ~ 30%. If you did not buy a bitcoin here, there was a second re-buying zone. Simply put, when the price is on the gray cloud then price re-breakup the red-cloud, the second part is the part where you have to buy it.
The price for the second segment is roughly $ 8210. And now the situation of bitcoin! At the current price of around $ 9370, there is a third section that you should have bought there spot. However, the price dropped slightly to around $ 8780, then bounced back from the gray cloud indicating a big support line again, and then back up to around $ 9200!
What should you do? There are only two things. I'll tell you the solution now.
First solution
>> There is a third buying section near $ 9300, so there is still a way to buy it. But do you see the green line I painted?
That line has previously served as a resistance line, but now the market has turned into a support line breaking through. Based on the support line whose role has changed, you'll stop loss there!
Second solution
>> If price breaks down the gray cloud, unfortunately the bitcoin downfall will start once again. You have to settle all the positions you bought a bitcoin for your risk management!
