We can witness a formation of a head and shoulders pattern. Since we are still insider descending channel I would expect the price to drop to $8,100 (CEX.IO). My previous post explains why we can still touch $6,000. We tried hard these days to break through this channel but failed on every occasion. RSI and MACD both show on smaller time frames...
Here is my amateur analysis of BTC for next 2-3 days.
1. We are still going down within the channel. After we touch $6,000 we will try to break through fibonacci levels 0,382 and close there firmly.
2. Fibonacci shows next major support at 0,236.
3. We are still below moving averages 20, 50 and just touching 200.
3. MACD shows downtrend on...
Hello people! Here is my amateur analysis!
Uptrend for BTC. I will be short:
1. Higher lows are forming meaning uptrend.
2. Breaking into resistance zone. All we need now is to close firmly above $8,600 point to expect further growth to the next point which is $8,934. There is still a resistance, as you can see from the wicks.
3. Increase in purchase volumes,...
Hello, amateur traders and beginning investors. My analysis of BTC 6.89% should not be used as a setting for purchase or sale. It should rather be used to see the patterns that you might have overlooked and it should or should not help us predict the next move for Bitcoin 6.89% .
From the chart we can see that:
1. Volume dropped compared to a situation few...