$9500 is s strong support for Bitcoin. This is the second time it is trying to bounce back from this point.It needs to close the daily candle above the support to make next upward move.
Good news is over 16 Million Future contract bought around $10200 and you can see after that #Bitcoin spiked in no time.
RSI is in control but the major concern is 21MA as many...
XRP is at its lowest since November 2017.
The main Support is around 2650 & 2500 Satoshi. If we consider Feb Retracement & Ichimoku indicator, all over situation looks bad for XRP.
But one good signal is only RSI, which is showing the coin is in oversold position which is around 20 and every time it bounce back from here sooner or later.
If we consider...
Once again Bitcoin rejected at $13500 on the major resistance at the golden ration of fibonacci retracement 0.618 which is one of the major resistance for bitcoin and this is second time it is rejected from this level. For the next #bitcoin rally , bitcoin need to break above $13500.
You may see that in the chart published by us on 3 July...
Bitcoin now getting support at $9400, which we already shared in our last TA.
Now 3 things to consider
1. Bitcoin support and reversal from 0.382 according to fibonacci retracement which is $9500. Need to stay above this important key level.
2.RSI - If we consider daily chart, RSI is below 60 which is also now showing healthy position. But if we see RSI in...
$13500 is one of the major resistance level according to fibonacci retracement 61.8%, couldn't sustain there and crashed, if you see the next level of support according to fibonacci 0.5 around $11500, and you can see the reversal from there on chart already.
RSI still signalling danger and over bough bitcoin positions , but now below 80 and over 70, but in some...
in long term trend line it is getting support around $3500 - $3600 , It tested it 3 times in last one month, Tried to break but bounced back if it holds here then we can see quick bounce back if not then we can se downfall to $100 to $200 more from here & we can see it to $3400 - $3200
Again $3750, it is facing resistance in long term trend line , tried to break...
As per Fibonacci in 1 day chart, Bitcoin broke to its resistance at $4k and next resistance at $4400 then $4800 then $5200. Global stock market downtrend also supporting bitcoin.. support @ $4k then $3800 $3600
Bitcoin also testing Pivot resistance at $4200 once it breaks with good volume then $4400 and $5k will be major resistance
Finally bitcoin successfully closed above $3600 on weekly if it not sustain there then it might test short term support at $3400 $3200 and even $3000 , once break $3000 then can hit $2500 to $2700 by jan 2019, But good news is it is trying to break resistance at $3800 once it breaks then it can test $4100 and above in short time
As shared in our last chart and as expected BTC is trying to test $4000.
Btc come down to its 2nd Pivot Support If it breaks from here then $3800 will be the next support.
full chance for bounce back from $3800 to $4000 as if you see long term trend it is trading over trend line.
If it breaks 3rd support of $3800 then $3500 to $3000 possible
If we consider 4 hrs chart since the massive fall, and see the downwards trend then three things can happen,
1 Whales might dump it to $3000 arrow one
2 If downwards trend continues like this for a longer period then might be $2000 or $1500 will be possible but possibilities of this is very very less as $3500 then $3000 is a strong and sociological support .