馃搱 BITCOIN - The Trend Continues. Price Analysis - 28/1/2018 馃搱
BITCOIN - The Trend Continues.
聽From my previous analysis (which you should check out on my page), we have kept the symmetrical pattern intact and so far 聽Bitcoin 3.81% 聽has remained 聽bullish 聽聽(As my last TA indicated it would. "TA - Technical Analysis"). Now, 聽this is similar to my last chart, however, the pattern has slightly 聽changed. We now should look at the red 聽rectangle 聽聽as a point for optimal buy entries as that is where the support lies 聽for the price (which also tells us we may see a short-term dip on 聽Bitcoin 3.81% 聽聽in the upcoming days to return to this line which would be around the 聽high $10,000's). Currently, the market is fluctuating between the 聽resistance and support but also should be seen as a period of 聽consolidation which is usually a 聽bullish trend , once this consolidation begins to fade it is likely that the price will see an increase in value. 聽
Link to analysis- MACD - 聽A nice support has formed on the 聽RSI , we could expect for the price to touch down on this before continuing the trend higher.聽
- RSI - 聽similar to the 聽RSI 聽heavy supports have come into play and are acting a barrier to hold the 聽Bitcoin 3.81% 聽price up, this is a good signal.
聽 - Orange - Resistance. 聽聽
- Pink - Support. 聽
As always trade the lines accordingly. 聽聽