#Bitcoin for the symbol BITSTAMP:BTCUSD by azizelliott


Hello friends! πŸ‘‹πŸ»

πŸ”” bitcoin continues its downtrend. Show me the chart and I’ll tell you the news, so #BTC or any buzz around #cryptocurrencies.

πŸ”” I’ve been away from cryptocurrency analysis and trading for the past few weeks due to erratic market activity, and I can call it the best decision of the year for me.

πŸ”” While the cryptocurrency is still young, it adapts to traditional market-specific price movements. Therefore, in this review, I will strictly stick to technical analysis and try to explain my thoughts on the upcoming moves of #bitcoin.

πŸ”” First, of course RSI is the difference between the price and the price, usually such a deviation signals a reversal of the current trend.

πŸ”” Second, MACD indicator, MACD line is about to cross the Signal line and in this case it is a bullish signal.

πŸ”” Third Bollinger Its bands, the channel is very wide and in most cases the price needs to find a range and fix, forming a narrow channel before gaining enough strength for another move.

πŸ”” Therefore, I believe that the range between $17600 and $15900 will form a channel and stabilize buyers and sellers before making the next impulsive move.

✊🏻 I wish you good luck! ✊🏻
If you like analytics please click the πŸ‘πŸ» button. Stay tuned for more analysis!

Soruce : https://tr.tradingview.com/chart/BTCUSD/LC6lpQlv/

Leave a comment

SMM Panel PDF Kitap indir