After the dramatic price fall of the last week the price of Bitcoin bounced off an important Support Level. Even if the month of September currencies for all Crypto went bad, could Ethereum complete at least the month in the Plus. Even Ripple seems to be recovering after a dramatic downturn.
Of Bitwala Trading Team
1. October 2019BTC$8.319,94 , and 0.61%part Facebook Twitter LinkedIn xing mail bitcoin exchange rate: the Support
daily chart and weekly chart in the example of the value of pair BTC/USD stopped on the stock exchange Bitstamp
discussed A Bitcoin rate of 8,400 US dollars – since the question arises as to whether the take a breather begrudge downward trend or if the price is bounced off an important Support.
The VPVR in the daily chart, a significant volume between the slider shows the average value of the last 200 days and the weekly EMA-Band. The price of Bitcoin has tested this tape in the last week, twice. It once again proved to be an important support.
In the last commentary we mentioned that Bitcoin has exceeded the weekly EMA Band so far, only with a massive Bull Run. Even if this statement remains true, this does not mean that the price of Bitcoin is continuing to slip. If the rate falls below 7.700 US dollars, is likely to see a further dramatic slide in prices to. This would then go at least to the next support at 7,200 US dollars.
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First, a rise in the Bitcoin price over the MA200 on the daily chart at 8,400 US Dollar you can of a recovery from the recent slide in prices to speak.
Ethereum: Despite losses in the month, plus
September has proven to be for Bitcoin as a hard month. The Bitcoin exchange rate fluctuated for most of the month of sideways and fell at the end of September by more than 20 percent. Other crypto currencies such as Bitcoin Cash, or the Binance Coin were also made. Ethereum was one of the few crypto-currencies, which remained in spite of the roller coaster, and closes, therefore, with a month plus of two percent.
Ripple: The ultimate course for fall
daily chart in the example of the value-pair XRP/USD escape on the stock exchange Kraken
The Ripple discussed course was able to stand after a local and a low of a whopping 25 percent gain and now stands in front of the EMA-Band-defined Resistance.
Currently, the Ripple rate moves to 0,255 US Dollar. Bulls now need to show strength to break the price above the resistance area at 0,262 US Dollar. If that happens, a Test of the major resistance at 0,265 US Dollar is.
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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.
Charts on 27. September 2019 using trading view created.
USD/EUR exchange rate at the time of writing: € 0.92.
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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