πŸ“ˆ BITCOIN - BEARS VS THE BULLS! 11/1/2018 πŸ“‰

in #bitcoin β€’ 7 years ago

BITCOIN - BEARS VS THE BULLS!


These graphs show the key resistance and support lines that Bitcoin -7.98% has formed over the past few days, you should use these in order to leverage your trades. You can expect that we will take a short-term dip to the support line, where we may consolidate and make another move upwards which will break through the horizontal resistance. This would be a confirmation to go to our second price. However, if we break below the support you could expect to see another decrease incoming.Β 

Link to analysis
  • MACD - Looks more on the bullish side, we have a created a support level on the MACD , this is a good sign and we have not seen this in BTC -7.98% for a while.Β 
  • RSI - Is consolidating or fluctuating between the blue rectangular box, this shows that trading is very tight and there is a period of steady buying and selling. Usually an indication of an upcoming breakout or breakdown.
  • Orange - Resistance.Β 
  • Pink - Support.Β 


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@thomasfarley
Thanks for sharing!

No problem bro!! Anytime.

Interesting Friend. We shall see. I'm thinking we see 10500 or so again. Not that it's what I want, but after 1400, we'll see. https://steemit.com/bitcoin/@jacobts/bitcoin-10400-good-buddy-truckin-south

we could reach that price!! Thanks for the comment, upvoted your post!

Thanks for sharing

No problem man, follow if you are not already !