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    Thread: Cryptocurrency Analysis

    1. 01-28-2020, 02:43 AM #11 Collapse post
      IFX_Selena
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      BTC analysis for 01.27.2020 - Major pivot level at the price of $8.750 on the test, watch fo the price action around it to confirm further direction

      Industry news:
      How close is bitcoin (BTC) to becoming money? New data from BitMEX Research claims that although BTC transactions are now more precise than ever, the cryptocurrency still remains a long way off elusive money status – and believe that precision could actually hurt BTC's hopes of becoming money.

      The big news is that there has been a "marked increase in [BTC] precision in the last 10 years, which surprisingly continued even beyond 2018."


      Technical analysis:
      Name: b-p-270120.jpg Views: 13 Size: 72.1 KB

      Major short-term pivot level is on the test at the price of $8.750-$8.800. Watch carefully for the price action around our main pivot level.

      The rejection of the main pivot at $8.750 may lead us for test of $8.426-$8.232.

      The upside breakout of the main pivot at $8.75 may lead us to test of $8.990.

      MACD oscillator is showing positive reading and the slow ling is slopping to the upside.

      Main resistance level is seen at the price of $8.750-8.880

      Support levels and downward targets are set at the price of $8.426 and $8.232.




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