GET RECENT UPDATES & NEWS RELATED CRYPTOCURRENCY, BITCOINS, MLM, ONLINE BUSINESS, BEST INVESTMENT TYPE MLM BUSINESS OPPORTUNITY AND MANY MORE

Breaking

Important notice: Almost all online business are temporary only & it may be become scam at any point of the time, Hence, I/we request those who want to invest their hard earned money in that.. Please verify yourself before you invest & you are the only responsible for your own money..the website owner (www.part-time-jobs-in-bangalore.net) are not responsible for any lose, profit or scam. Admin *** महत्वपूर्ण सूचना: लगभग सभी ऑनलाइन व्यवसाय अस्थायी हैं और यह समय के किसी भी समय घोटाला हो सकता है, इसलिए / मैं उन लोगों से अनुरोध करता हूं जो अपनी कड़ी मेहनत के पैसे का निवेश करना चाहते हैं .. कृपया निवेश करने से पहले अपने आप को सत्यापित करें और आप आपके खुद के पैसे के लिए ही जिम्मेदार हैं .. वेबसाइट के मालिक (www.part-time-jobs-in-bangalore.net) किसी भी खो, लाभ या घोटाले के लिए जिम्मेदार नहीं हैं। व्यवस्थापक

Bitcoin Price Analysis Sep.11: Facing the 2018 yearly low

As the symbolic September 11 date is reaching the US, let’s hope for a different fate for Bitcoin – not to collapse.

Over the past five days there is a side way action between $6100 to $6400, along with a bearish pennant building.

The most likely scenario is of breaking down this pennant, breaking down the $6100 to re-test the yearly low area at $5700 – $5800.

This is going to be the fourth time the support area is being tested. Supports tend to weaken as they are tested more and more times. Hence, we could see a massive sell-off to the $5000 area pretty quick if this scenario takes in place.

The bull scenario is, of course, as Bitcoin will hold and a massive short squeeze will shoot Bitcoin to re-test the $6600 major resistance (where moving average 200 and 50 days are meeting – the pink and purple lines) along with strong resistance level.

Until then, cautious is needed when trading the unexpected Bitcoin market.

For the short term:

Resistance area at $6300 – $6400 (descending trend line) and as mentioned $6600 strong resistance.

Support areas: $6100, $6000, $5700 – $5800.

Bitcoin Prices: BTC/USD BitFinex 4 Hours chart

BTC Sep11

Cryptocurrency charts by TradingView. Technical analysis tools by Coinigy.

The post Bitcoin Price Analysis Sep.11: Facing the 2018 yearly low appeared first on CryptoPotato.

No comments:

Post a Comment