I hope bitcoin will reach the level of big financial banks of the world soon if people continue to believe in it as it is today
I hope bitcoin will reach the level of big financial banks of the world soon if people continue to believe in it as it is today
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
ayazfx (11-17-2019), Unregistered (4 )
hello my dear sir today I will believe that if bitcoin traders can keep the price above this over the next week, the world's dominant cryptocurrency will experience a breakoutAfter the quick push higher there will be profit taking today but the overall impact on the traditional financial sector by eliminating the need for bank accounts
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Unregistered (2 )
I am beginning to think that Bitcoin will take off the ground soon.
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pak3000 (11-18-2019)
Bitcoin is continuing to break down here and is getting star stepped down, which is very clear on the charts.
The $8,500 level has fallen now, so that opens the door to that move all the way down to $8,000.
As we can see on the chart here, that downtrend line is quite strong. So we can really use that to our advantage. Either as a good stop loss area on a short, or even as an area for a quick long on the break as it might lead to a little upside pop on the back of some covering.
Either way, the bias is still clearly to the downside and I would only be looking for scalps to the long side on momentum breaks.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (2 )
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (2 )
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Bitcoin Moves Above the 50 SMA But Retreats at Resistance
Bitcoin turned bearish in Q3, after surging higher in Q3. During the decline, moving averages were providing support on the way down, but turned into resistance once broken. Towards the end of October, the price fell to $7,200s, where Bitcoin formed a bottom.
But, we saw a jump before October ended. Bitcoin jumped from the bottom to $10,500, which means a 50% gain in value. But the climb ended and since then Bitcoin has been bearish. The price reached the previous bottom and at the end of last week, Bitcoin broke below that support zone.
Sellers pushed as far as $6,200 in the last few days of last week. Although, we saw a bullish reverse higher this week . The price found resistance at the 50 SMA (yellow) this week, which reversed the Bitcoin down twice, but buyers returned again and today they managed to push above that moving average.
But, they failed to push above $7,400, which seems to have turned into resistance now. The price has slipped back down again, but the 50 SMA is giving signs that it might turn into support now. If the signs increase and the 50 SMA holds, then this might be the start of a larger bullish reversal.otherwise, more downside action is expected for Bitcoin.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (1 )
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Bitcoin Price: Real-Time BTC/USD Market Values ... Ask anyone in the crypto world what their bitcoin price prediction is and they
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (1 )
I believe that by the start of the year 2020, Bitcoin will also start to rise its value again.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.