Hello, Traders!
Monfex is at your service and today we overview BTC/USD.
What do we have by Bitcoin Weekly Chart Analysis ?
Movements in a range of ~ $ 8800 - 7800. Price lay on MA100 and it's a good support by breakout of which we can take the target of ~ $ 6000 , also there will be MA200 if it happens or can be bounce up to ~ $ 9000 where BTC has the strong resistance zone. RSI in an oversould zone.
What do we have by Bitcoin Daily Chart Analysis ?
The intersection of MA200 and MA100 above the price on daily chart it's a death-cross(but it hasn't happened yet). It's not a signal that in this moment the price sharply dump, just that the bearish trend will continue and we likely see some further decline. RSI is going to an oversold zone. By MACD Bitcoin has a bullish divergence that support the idea of test $ 9000.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview BTC/USD.
What do we have by Bitcoin Weekly Chart Analysis ?
Movements in a range of ~ $ 8800 - 7800. Price lay on MA100 and it's a good support by breakout of which we can take the target of ~ $ 6000 , also there will be MA200 if it happens or can be bounce up to ~ $ 9000 where BTC has the strong resistance zone. RSI in an oversould zone.
What do we have by Bitcoin Daily Chart Analysis ?
The intersection of MA200 and MA100 above the price on daily chart it's a death-cross(but it hasn't happened yet). It's not a signal that in this moment the price sharply dump, just that the bearish trend will continue and we likely see some further decline. RSI is going to an oversold zone. By MACD Bitcoin has a bullish divergence that support the idea of test $ 9000.
- BTC in a bearish mid-term movement, but can test the resistance zone
- 40% - will go down without test the res. zone
- 35% - will test and bounce down from it.
- 25% - will go up to test $9000, break it and continue the globall bullish trend from Feb 2019.
- Market Cap
$145 146 323 720 USD
- Volume (24h)
$16 597 714 418 USD
- Circulating Supply
18 008 550 BTC
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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