Concerning the Bitcoin exchange rate have formed in the sliding mean values of the last 50, and 100 days of a death cross, what is the point of the current Test of the Triangle Patterns are bearish. Similarly, the Situation of Bitcoin Futures on CME is rather worrying. How this affects the Bakkt Futures, remains to be seen. Beyond Bitcoin News made a EOS to Hard Fork the round, however, translated yet in the price.
Of Bitwala Trading Team
24. September 2019BTC$8.673,08 -10.93%part Facebook Twitter LinkedIn xing mail
The price of Bitcoin is like dollars under $ 10,000. This is the ultimate Test from the traversed Triangle Pattern? Various Details can be interpreted rather bearish and the long-awaited Bakkt Futures show no bullish effect.
Bitcoin: a Test of the Triangle Pattern to worry
The daily chart is discussed on the example of the value of pair BTC/USD on the exchange Bitstamp.
We are at the end of the since the end of June passed through the Triangle Patterns, accordingly, at any time, expect a breakout. Suitable for this purpose, the Support will be tested this Triangle Patterns-of-date. Since the moving averages of the last 50 and 100 days have currently formed a death cross, the prospects on the whole, quite bearish.
Bitcoin Futures on CME: A divergence as a glimmer of hope?
The daily chart is discussed on the example of the Bitcoin Futures on the stock exchange CME.
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another Signal for a lot of bids due soon scenario, the Closing of the gap in the Bitcoin Futures on CME at 8,500 US dollars would be. This coincides with the 50-percent Fibonacci Retracement Level. In the past, it has been confirmed, this “Filling-the-Gap”theory often.
not talking But everything for a price fall: we Consider the RSI and the Bitcoin rate, we see a bullish divergence between the two: Higher Minima in the Bitcoin exchange rate coincided with deeper Minima in the RSI.
Similar to the one in the last week, therefore now: There needs to be a strong volume of trade was accompanied by movement in one direction or the other before you can say something Unique.
Bakkt launches Bitcoin Futures, but who cares?
such A high volume of many hoped for from the Start of the Bakkt Futures.
investment technically, these Futures are considered a good message, exist to Futures, which are actually secured with Bitcoin. Many hope for a better price discovery in the Bitcoin exchange rate and Jump up to the institutional investors.
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The price of Bitcoin remained, however, these Futures are unfazed and continues to move sideways. The volume of trade is still extremely low. Both of which make many investors uneasy, as the low trade volume and low volatility, sooner or later, in a dramatic price fall.
This concern is confirmed by the Fear-and-Greed Index. According to this Index, the market is still slightly by fear, by greed dominates. Since a few weeks he commutes to the 40, where 0 stands for extreme anxiety and 100 extreme greed.
EOS: The Hard Fork, the no shook
The daily chart is discussed on the example of the value-pair EOS/USD on the exchange Kraken.
beyond Bitcoin the market behaves in a disturbing calm. An example of EOS is that The Community celebrated the Update of the EOS Nodes to Version 1.8, as the largest Hard Fork, since the Launch of the Mainnets. In the price of the non-positive but also. In fact, one could rather say the opposite: Since the last High in may 2019, the EOS is like-rate to 55 percent. Although the rate to be tried at the beginning of the month, the EMA Band to break through, however, the course had to be at the top of the same bounce.
Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
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Charts on 24. September 2019 using trading view created.
USD/EUR exchange rate at the time of writing: € 0.91.
The market comment was written from the Bitwala Trading Team. Bitwala provides the easiest and safest way to buy Bitcoin directly from a Bank account and to sell. More info here.
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Bitcoin is in free fall: exchange rate of US $ 9,000 Futures Bakkt: COO sees an indicator of future Bitcoin price Altcoin-market – Bitcoin-falls domination, Stellar explodes#Bakkt#Bitcoin#EOS
