cheesetoast
看空

Bitcoin Analysis [UPDATE 11-04-2018]

BITFINEX:BTCUSD   比特幣 / 美元
UPDATE on BTCUSD             Chart Analysis [11-04-2018:

Bitcoin             has been squeezing into a triangle pattern over the last few days after the initial resurgence from $6,400 to a high of $7,500. Since then, it has been grinding into a tight range with lower highs and higher lows.

With the larger time frame down trend still in tact, there is Target 2 near the $6,000 level that has not been hit as yet.

The more likely assessment is a bearish outcome that is based on the following factors:

1. Within the triangle pattern , price has been increasing gradually, but capitulates downwards that indicating buyers might be exhausted
2. Key psychological resistance level of $7,000 will offer resistance
3. Overall down trend is still in tact
4. Low volume = likely to be trend continuation

Should BTCUSD             follow a bullish trajectory and close above the $7,000 level, then I will re-assess and wait for the next pattern to emerge.

Enjoy.

You can now follow me on Steemit: https://steemit.com/@crypto-toast

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice
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
HE עברית
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
概述 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