BTC: will BTC still have a chance to lead the way?
Market review: Like I said yesterday BTC has been oscillating around $8,500.the highest point was $8,600 while dropped rapidly. There was a pin on the long shadow line (100 points increase). Then began to decline all the way, the funds are not enough to support the trend to turn more, for the increase of the price just makes the bitcoin look more attractive.
Technical analysis: Currently BTC offers around $8,450. The forecast is similar to the trend that was still at the origin last night. This is the shock zone. From the 4-hour level, I mentioned that the down channel of BTC has been opened, the pressure level and the support level has moved down.
The market repeatedly touched the trend while the trials have been dropped. The current price is below the BOLL middle track, suppressed by the middle track average and the 5-day moving average.
The short-term market rebound desire is not strong, the trend is further falling.
MACD runs below the zero axis as the number of volumes decreases.
RSI steadily enters the safe area, and the market will be more shocked during the day.
It is not difficult to see that, with the analysis of the current situation, it is completely dominated by the short side.
The trend was suppressed by the variety k-line, and the market also runs on Bollinger’s lower track
Trading recommendations: The main idea today is to buy low. If the price goes back to the support of $8,400, we can buy more. take profit within $100. The upper resistance level is $8,600, the lower support level is temporarily looking at $8,400
If you fail to grasp the key entry opportunities, you should leave the market as soon as possible.
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Technical analysis: Currently BTC offers around $8,450. The forecast is similar to the trend that was still at the origin last night. This is the shock zone. From the 4-hour level, I mentioned that the down channel of BTC has been opened, the pressure level and the support level has moved down.
The market repeatedly touched the trend while the trials have been dropped. The current price is below the BOLL middle track, suppressed by the middle track average and the 5-day moving average.
The short-term market rebound desire is not strong, the trend is further falling.
MACD runs below the zero axis as the number of volumes decreases.
RSI steadily enters the safe area, and the market will be more shocked during the day.
It is not difficult to see that, with the analysis of the current situation, it is completely dominated by the short side.
The trend was suppressed by the variety k-line, and the market also runs on Bollinger’s lower track
Trading recommendations: The main idea today is to buy low. If the price goes back to the support of $8,400, we can buy more. take profit within $100. The upper resistance level is $8,600, the lower support level is temporarily looking at $8,400
If you fail to grasp the key entry opportunities, you should leave the market as soon as possible.
Subscribe to receive daily analytics for crypto
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