If you want to know when the fall of Bitcoin will be ended !!!!!
Hello, Traders!
Monfex is at your service and today we overview.
What happens with BTC and when the drop stops ? Read below.
On the chart we see a large triangle, with two indicators MA100 and MA200. At the moment, the price has fallen on the MA100 and on the middle line of the downward channel, as well as $ 8,000 is the round price of support. In the near future there is an assumption that there should be a rebound from such a strong support zone to the ex-support zone and channel resistance line ~$ 9,000.
It is also worth to mention that there is still a strong attraction zone at $ 6,000 and there is also a greater likelihood, after testing a local resistance near $ 9,000 , to bounce to this mark, where the price can also meet with the MA200, which provides strong support. The previous time the MA200 ended the bear cycle.
The Stoch RSI indicator also show us that near to the end of this year it's going to grow up, very important.
Period of price recovery and continuation of a bullish season I think that will be closer to January.
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.
What happens with BTC and when the drop stops ? Read below.
On the chart we see a large triangle, with two indicators MA100 and MA200. At the moment, the price has fallen on the MA100 and on the middle line of the downward channel, as well as $ 8,000 is the round price of support. In the near future there is an assumption that there should be a rebound from such a strong support zone to the ex-support zone and channel resistance line ~$ 9,000.
It is also worth to mention that there is still a strong attraction zone at $ 6,000 and there is also a greater likelihood, after testing a local resistance near $ 9,000 , to bounce to this mark, where the price can also meet with the MA200, which provides strong support. The previous time the MA200 ended the bear cycle.
The Stoch RSI indicator also show us that near to the end of this year it's going to grow up, very important.
Period of price recovery and continuation of a bullish season I think that will be closer to January.
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.
Comment:
Comment:
