Monday was looking fine all day, and Bitcoin was up 5% at most but then all of a sudden it dropped during the last hour of trading. This could be negative, but lets have a look at the daily chart here:
See my work over at Steemit: https://steemit.com/@freeforever
Comment: As you can see, we formed a hanging man today, nothing extraordinary, but if we will have a daily close below the supporting trendline, that would be negative and that level is at 13300 or so. Now, lets have a look at the hourly chart as well:
Comment: Here we can see that Bitcoin started to fall 2 hours ago and the volume picked up as well. It has continued into Tuesday, but it has also recovered a bit so we dont know yet how this will unfold.
But if you watch the video, I am showing you that Bitcoin today reached 20 on the Stochastics for the first time since September. That is extraordinary. Potentially this could be good and mean that we would get a solid foundation, but the worst case scenario could be that we could get a close below the important trendline and break out to the downside.
That is the latest on Bitcoin, lets hope for the best and prepare for the worst.
free forever qr code generator Potential Breakout To The Downside For Bitcoin? | |
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| Science & Technology | Upload TimePublished on 15 Jan 2018 |
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