Forex Bitcoin Forum

Bitcoin Forex Forum

  • Forex Games
  • Forum
    • Advanced Search
    Log in Register
    Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
      Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
    Results 1 to 10 of 3684

    Thread: Cryptocurrency Analysis

    1. 12-03-2021, 02:42 AM #11 Collapse post
      IFX_Selena
      IFX_Selena is offline
      Senior Member IFX_Selena's Avatar
      Join Date
      Oct 2018
      Posts
      4,535
      Thanks
      1
      Thanked 253 Times in 237 Posts
      SubscribeSubscribe
      : 1
      Weekly Bitcoin analysis.

      Bitcoin thus far has managed to make a strong rise from $29,000 to $68,900. We consider that this upward move has been completed and it is over. Price is now most probably in a corrective phase and we expect the downward pull back to unfold over the coming weeks.

      Name: b-a-021221.jpg Views: 21 Size: 57.1 KB

      Black lines- Fibonacci retracements

      The scenario where the bullish trend continues and price continues making higher highs and higher lows has in my view the lowest chances of success. The most probable outcome is for price to continue its pull back. So far price has retraced 38% of the entire upward movement. In previous posts we mentioned that a bounce towards $59,000 or even $63,000 is justified. However this does not cancel our primary scenario that Bitcoin is expected to move towards the 50% or even the 61.8% retracement levels before resuming its up trend.




      Name: 45.png Views: 21 Size: 15.5 KB
      Alexandros Yfantis
      Analytical expert of InstaForex
      © 2007-2021

      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 Reply With Quote Reply With Quote Thanks  

    2. The Following 1 Users Say Thank You to IFX_Selena For This Useful Post:

      Unregistered (1 )
    « Previous Thread | Next Thread »

    Subscribe to this Thread (94)

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •  

    Forum Rules