Bitcoin Technical Analysis & Price OverView

in #bitcoin7 years ago

With recent negative news came from china about Exchanges fall down, bitcoin dropped a bit hard and tested below 3000$. after a massive Panic bitcoin bounces back with great energy and crossed 3500$ within 4 hours. maybe the reason OKcoin & Houbi because they extended thier date of closingoff.

On 1 hour chart, Technical indicaters showing a nice upside move mean All is perfect and supporting bitcoin bullish right now. RSI still looking positive, price is above the ichimoku cloud and 100SMA, which signaling a buy period that will help bitcoin to test 4000$ resistance.

If we talk About Support&Resistance 3500$ looks like a nice support right now and 4000$ standing as important resistance. if btc able to breach this resistance, we should see a nice move towards 4500$.
Possible scenerios marked on chart!!!!!

Capture.PNG
https://www.tradingview.com/x/xPstqsye/

Chart Courtesy: TradingView
Exchange: Bitfinex
TV Author: CA Team

Good Luck!!!!

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The world of currencies has not and will not settle on a law and a system that can walk in its path consistently
My sister Julia you have all my love and appreciation

It should always remain volatile to have value ;)

True, but predicting the right is difficult

yes you are right we cannot predict about bitcoin

I think you whoever wanted cheap bitcoin bought it so we will an upwards trend from now on.

of course ❤️

❤️🐦

thanks my bird ❤️

@joulia got you a $7.78 @minnowbooster upgoat, nice!
@joulia got you a $7.78 @minnowbooster upgoat, nice! (Image: pixabay.com)


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joulia i like you topics and i have seen all you videos on youtube hope you a good luck (y)

thanks bro , happy trip in steemit

متابع لك شكرا على فيديوات افدتني كتيرا

وفقك الله

think you joulia