BTC/USD Long-term Trend: Bearish
Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000
The overall trend for the price of Bitcoin in the month of September is a bearish trend. Price of Bitcoin has a balance of $7,036.25 at the beginning of September 2018. As at the time of writing, the capital has gone down to $6,490.75. In other words, the digital currency lost 7.66% of its capital.
On September 5, the bulls were overcome at the $7,400 price level. The digital currency fell to the low of $ 6,169.30. Since then the bulls have not been able to recover their losses. For the bulls to be in equilibrium with the bears they have to break the levels $6, 500, $6,700 and $7,400 price levels.
Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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01-10-2018, 06:07 PM #1
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Bitcoin (BTC) Long Term Price Forecast
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02-10-2018, 09:38 AM #2
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Il trading a breve termine è il modo in cui un trader può fare soldi in un tempo molto breve e possono investire piccole somme. Il rischio di business anche pochi nel trading a breve termine. Ma i trader a breve termine hanno bisogno dell'ultimo aggiornamento se il mercato. Come uno scalper il mio broker preferito è TradesFX. Il loro processo di esecuzione è molto veloce e offre spread di 0,5 pips, che è molto importante per lo scalping. Usando la loro piattaforma di trading MT4 e grazie al loro servizio di streaming in tempo reale, posso prendere le mie importanti decisioni commerciali con successo.
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29-04-2019, 08:21 PM #3
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The beginning of my trading career was not so easy. But I was finding for a reliable broker who will give me proper security of funding, guideline, daily trading analytic support and others. I found Forex4you broker is the best match for my trading requirements. In their platform they arrange free educational programs which are very effective to learn the basics of Forex market. From them I have proper security of my trading funds.
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