Bitcoin, market, analysis : 10th March 2019
From the other side, and supporting the long-squeeze theory we mentioned, the open longs had sharply decreased. In general, the volume in the crypto exchanges skyrocket, as well as traditional exchanges such as, cME. In the stated bullish scenario, the price could rally above the 3,680 and 3,700 resistance levels. Less than two months ago, Bitcoin was trading under 3800. In any case this investigation will last longer the market might respond violately. Total Market Cap: 223 Billion, bitcoin Market Cap: 126 Billion, bTC Dominance:.3. Looking at the 1-day 4-hour charts. Looking at the critical Stochastic RSI oscillator of the daily chart, we saw a recent crossover pointing down in the overbought area; however, the RSI is still in the bullish territory. An additional signal in favor of raising the Bitcoin rate will be the test of the support line on the relative strength index (RSI). Trading Volume: Finally we see some green volume! Bitcoin Forecast and Analysis April 15 19, 2019 implies an attempt to support the area near the level of 4650. BitFinex open short positions: After reaching their 5-day high.7K BTC open short positions, since yesterday we see a short squeeze as the number sharply reduced.2K BTC. Support/Resistance: Following the break-down of the mid-term descending trend line on the 4-hour chart, it didnt take long, and the dump came across.
Besides, we mentioned here the importance of the, which was what held the market during the bear year of 2018. This is followed closely by support at the short-term downside.618 Fibonacci Extension level (drawn in blue) priced at 3,421. Daily charts RSI: As mentioned on our previous analysis, Bitcoin is nearing the 88-90 RSI levels. It moved into a bullish zone and settled above the 3,500 resistance plus the 55 simple moving average (4-hours). Confirmation of the development of the upward trend will be a breakdown of the resistance area and closing of"s above the level of 5800. If funds cant go in and out, manipulations can be done quickly by large whales or investors holding large amounts on Binance and other exchanges. Bitcoin price is currently trading in an uptrend above the 3,525 support against the US Dollar. If the bullish momentum manages to push BTC/USD above the resistance at 4,000, higher resistance above can then be located at the bearish.618 and.786 Fibonacci Retracement levels (drawn in red priced at 4,001 and 4,215 respectively. Earlier we mentioned that Binance is set to continue its deposits and withdrawals on Tuesday. Will we see Bitcoin at 10K shortly? After reaching this high, the market rolled over and began to fall. The second signal will be a rebound from the upper boundary of the rising channel.
M, bitcoin, market, analysis 21st March 2019
More importantly, there was a break above a significant bearish trend line at 3,410 on the 4-hours chart of the BTC/USD pair. This is crazy, but, this is crypto. As long as this area hadnt broken down, I would say that the correction is violent, but healthy. The RSI found support at 80 and as of now, facing the resistance area mentioned one more time. This will indicate a breakdown of the upper boundary of the channel and the continuation of the BTC/USD decline with a potential target below the level of 3250. Are The Bulls Still Around? The bulls bitcoin trend analysis 2019 tried to defend the short-term.618 Fibonacci Retracement level (drawn in green) priced at 3,664, but failed to do so and BTC/USD dropped even lower. Bitcoin Price Analysis, after testing the 3,350 support on a few occasions, bitcoin price started a solid upward move against the US Dollar. Bitcoin BTC/USD ends the trading week at 5017 and continues to move as part of growth. BTC Price Analysis, bitcoin has seen a small.38 price drop over the past 24 hours of trading, but had seen close to a 6 price fall on Sunday January 20, 2019.
Join our Telegram Channel. Everyone, including us, expected a Bitcoin move by the time Binance opens back its withdrawals. When Binance is out of the game, its easier to drive the price. BitFinex open short positions: since yesterday, we hadnt seen the opening of new short positions as the number increased just a little.7K BTC open short positions. Any asset that surges too fast will have to correct and slow down. Bitcoin Plunged 1800 Following a Violent Correction.
Bitcoin, market, analysis : 7th April 2019
BitFinex: Following the recent 850 million scandal and throughout the past two weeks since then, BitFinex had a remarkable 6 price difference for Bitcoin. The next major resistance level lies at the area, which is the high reached at the end of July 2018. The cancellation of the Bitcoin growth option will be a fall and a breakdown of the 3935 area. A high was formed at 3,709 and later the price started a downside correction. Conclusion, the recent price drop has caused BTC/USD to now reach a crucial area of support. From one side this shows strength; however, as in crypto everything is almost always very fragile and can change anytime. BTC/USD BitStamp 4-Hour Chart BTC/USD BitStamp 1-Day Chart. Resistance above this can found at the bearish.5 Fibonacci Retracement level (drawn in red) priced at 3,851, closely followed by more resistance at the short-term.414 and.618 Fibonacci Extension level (drawn in purple) priced at 3,896 and 3,943, respectively. Total Market Cap: 233 Billion Bitcoin Market Cap: 140.7 Billion BTC Dominance:.5 Looking at the 1-day 4-hour charts Support/Resistance: As of now, Bitcoin is trading over 8000. Where is the Support for BTC Below the 3,569 Handle? As of writing this, Bitcoin explodes above 8000. Daily charts RSI: The RSI encountered resistance at 88-90 and got rejected. BTC/USD BitStamp 4-Hour Chart BTC/USD BitStamp 1-Day Chart Bitcoin Touched 7000 Two Things to Be Worried About: Price Analysis Overview May 11 During the bull-market of 2017, it was common to see Bitcoin increasing thousand USD daily.
It formed a short-term ascending price channel where the market was climbing progressively higher. As written here before, we had a strong clue on what was going to happen: Add to that a recent significant drop in the short positions caused a daily 38 decrease, as the short positions are now at their lowest point over the past year. BitFinex open short positions: mentioned above the number currently stands around 17K BTC open short positions. Further higher resistance lies around the 7200 mark, before reaching 7400, which was the previous high of September 2018 (can be seen on the weekly chart). Besides, reasons like the dropping stock markets, Whole Foods adoption, Bakkt launch on July are giving the cryptocurrency green light to continue surging. It fell quite aggressively to below the lower boundary of the short-term ascending price channel. Tags: Bitcoin, Bitcoin price, BTC, News, Price Analysis). Daily charts RSI: The RSI had also dropped sharply. It took the coin only a couple of hours, but the party continued, and this morning Bitcoin had touched 7000. As a reminder, a situation where shorts are at their lower levels and longs at their high create the perfect settings for a long-squeeze. We are not the only one thinking such correction could be healthy for Bitcoin in the longer term, as we recently heard that from the crypto influencer Tone Vays. However, if price action continues to head below the 3,569 handle, then the current trading condition will immediately turn into a bearish one. Sellers push the price below the.6 Fib retracement level of the recent wave from the 3,348 low to 3,709 high.
M, bitcoin, market, analysis 31st March 2019
At the outset, there is a crucial bullish flag pattern formed with resistance at 3,605 on the same chart. From below, the next significant support area lies at 7000. Resistance moving forward: 3,664, 3,851, 3,896, 3,942, 4,001, 4,215. This was unhealthy and likely happened since the exchange users had bought Bitcoin to cash out. BTC could continue to rise if there is a break above the 3,625 resistance area. Trading Volume: Money is getting in the market cap is rising over the past day as money is getting into the altcoins. As can be seen on the 4-hour chart, Bitcoin gained momentum on its way up following an ascending trend-line which was tested (as support) one more time during the past hours. Latest Bitcoin News, the previous trading session saw Bitcoin fall from a high of close to 3,800 to a low around 3,569.