Bitcoin 4-Hour Price Chart Analysis, note: I will share the long-term target with details in my next analysis. I can see a clear, bearish Descending triangle in a bitcoin movement which is indicating more selling in coming days. Bitcoin Gold Telegram Channel, note: Never risk more than 2 of your account capital in single ways trade with the proper risk management plan. Gold Technical Analysis, mati Ur Rehman, gold Analyst @. If price fails to move downward and break the resistance from its current level then we will have to wait for the bottom line to jump in for the support zone, in that case, we will.
Bitcoin, forecast and, technical, analysis, outlook DailyForex
And I believe we should watch the market to spot the entry point. Bitcoin was moving in a falling wedge pattern and this pattern expected broken area was around 5100 area. Gold Technical Analysis, for Gold Price Predictions Please, click here. But the expected correction may start from 5100 towards minimum 9000 as per the technical point of view. The bitcoin fall from 21000 level and it is the rule in any market that price always creates a per the technical rule, the correction is starting soon and we have to spot the correction point to jump. Your feedback is always welcome and helps us to improve. This is what happened and price fall to our expected area. I am sharing 4 Hour timeframe bitcoin analysis to give my view about. Those who have not read my previous analysis can search for the group to get the idea why I was not in favor of buying bitcoin. Bitcoin may start making bottom from the current level and it may move in a range and we may see a couple of dojis in next few hours. Today I am sharing the reasons and my plan, how I will enter in the market to ride the expected bullish rally. Dgacom, january 9, 2018, bitcoin Technical Analysis, bitcoin is trading near 14800 level after touching its resistance level around per the weekly and daily time bitcoin technical analysis forecast frame chart, the bitcoin price predictions are bearish, and it could move in a triangle range formation. Break Confirmation: Wait for the break of resistance, dont enter the market until you see the proper break and close above the resistance green line shown in the chart below.( We will consider break after the closing of 4-hour candlestick ).
Please have a look at bitcoin chart below, bitcoin technical analysis forecast I have created the possible movement diagram with entering and target levels. Gold Analysis Telegram Channel, note: Never risk more than 2 of your account capital in single ways trade with the proper risk management plan. Support 3 : 5300, resistance:, wish you good luck and happy trading. How to spot the break and enter the expected bullish rally? The break and reversal patterns couldnt lead bitcoin towards the extreme level again so please dont expect the bitcoin for the new peak again until price will break the major resistance points. The beauty of bearish descending triangle is that the resistance becomes narrow with the price movement and I am expecting bitcoin may bounce from its support again at 12800 level and it could hit the descending resistance level. Bitcoin Price Forecast 4 Hour Time Frame Analysis.
Technical levels for watching area. Feel free to comment below if you have any concern regarding charts and analysis. Resistance 1 :, expected Target Area after the break is minimum 9000. Mati, february 10, 2018, in our previous bitcoin technical analysis, it was expected price could jump from 6700 towards minimum level. Current Market Price: 6700, next Support 5100 ( Break out expected Zone ). Please have a look at 4-hour Bitcoin price forecast today chart below, I have mentioned possible movement diagram and watching levels.
Bitcoin technical analysis and price forecast - cloudy
Oversold condition: The market is currently in an oversold condition and this will be the edge for new buyers to jump in, The psychological area to buy the bitcoin is the bottom and extreme support line of falling wedge pattern. Join Our Telegram Channel For More Updates. Bitcoin Resistance 2 : 15000, wish you good luck and happy trading. We may see a reversal from this level.If bitcoin breaks the resistance then the possible and strong next resistance is forming at 15000 level which could be the next watching area. Bitcoin Suppor Resistance Levels, support 1: 6700, support 2: 6100. Mati Ur Rehman, gold Analyst @. According to the technical rules, the support becomes resistance when it breaks. These dojis and reversal patterns will confirm us our expected bullish move. Bitcoin trading price is near to its resistance level around 8600-700.We are expecting a downward movement from current level to towards the support which is forming around 6700, 61 in case of extension. I will update the bitcoin forecast if price breaks its resistance line earliest then expected. Mati, january 18, 2018, downward movement was expected in bitcoin and it moves exactly according to the expectations and hit the minimum target level. The price could break its falling wedge pattern from its narrow ending which will lead BTC to bounce towards 9000 level from the breakout area mentioned in the chart below.
Bitcoin made a bottom in yesterday movement and hit a low around 9190. I will try to catch the correction point when I will see the reversal candle pattern and I will definitely share with you in the group if the price starts creating correction or reversal candle pattern in next days. But before entering the market we need to see the break confirmation. This is what happened in bitcoin movement, price bounce and currently trading near to its resistance zone around level. Bitcoin Forecast Chart 4-Hour, bitcoin Support Zone : 10000, bitcoin Resistance. Please have a look at Bitcoin Price Forecast Today Update chart, I have created the possible movement diagram with target levels. However, the more downward movement was expected but it bounces a few bucks above the expected area.9190 the area becomes the rising support if we look the previous chart history of bitcoin. We will look at the 12800 level to see the market behavior either it will reverse or break the price to touch second resistance level. In our previous bitcoin price forecast analysis, it was expected the price could fall and touch to its minimum support level 6700.
Bitcoin, price Prediction January 2018 BTC, technical, analysis
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