HiTech

Bitcoin 40% Correction Tendency

BITFINEX:BTCUSD   比特幣 / 美元
On the 8th of November, Bitcoin             has reached an all-time high against USD, testing $7900 price tag. Immediately after a strong corrective wave followed, where BTC/USD moved down to $5400, losing over 30% in just 3 days.

The Bitcoin             correction has stopped at 50% Fibonacci retracement  level, 2/1 Gann Fan trendline as well as 200 Moving Average. All of them were rejected, suggesting that the strong support is being tested that might result in a continuation of an uptrend if not broken.

However, looking at the statistics of the prior corrective waves, both of them were approximately 40%. Could this mean that history will repeat itself and BTC             will move lower towards 61.8% Fibonacci at $4900 to make it a 40% correction? While the $5500 support is holding this scenario remains unlikely and BTC             could continue rising or enter a consolidation phase. In any case, while there is uncertainty about the short-term direction, the long-term trend remains very bullish
交易結束:目標達成
Top Crypto Telegram Channel: https://t.me/cryptopost
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/

ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出