Bitcoin (BTC / USD) Update - Breaks Triangle - Price up - Key Days

in #steemleo5 years ago (edited)

3 days ago announced the breaking of a triangle that was forming the price of bitcoin, up

The target price could reach $ 10,000 again, see the last post to learn more.

The triangle had not broken with good volume what we could expect a readjustment of the upper limit of the triangle in search of a greater upward thrust, which would validate the figure, which almost did

Along the way, he found the midline of MA of 50 peiriodos 4hs that could make a strong resistance, and so it was, overcoming it a few hours ago

The price of bitcoin has reached 0.382 Fibonacci retracement.

Captura de pantalla 2020-03-05 a las 4.59.27 p.m..png

  • Analyzing the figure of the graph we can draw an ABC of bullish momentum. It should raise the midline MA of 100 periods 4hs to achieve this target.
  • Or it could be defined as a 5-wave impulse with the first 2 being fulfilled and the third one should reach up to $ 9500 dollars, up to the midline MA of 150 4h periods.

Another figure we are analyzing is the following

The cup and handle figure mentioned in these days will be fulfilled.

Captura de pantalla 2020-03-02 a las 11.30.37 a.m..png

And we will reach $ 14,000 dollars again

What do you think?


Leave your comment or your vote. Your opinion and participation is important

Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

Remember to give your post a vote, Thanks

I await your graphics or your comments.

We will continue monitoring
To be attentive
Protect your Investments

If the analysis helped you, give your vote with some steem, thanks !!

Lately I have noticed that there is no good analysis on steem, everything takes time, I ask that as you read them leave your vote, it is a way to encourage you to continue making more reports, thanks.

Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same.

READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

Buy me a beer ! Donaciones Ligthing Network

Captura de pantalla 2019-03-10 a las 10.38.20 p.m..png

Sort:  
 5 years ago  Reveal Comment