the After a mediocre February, the Bitcoin could win-rate. Currently, he is testing the 4,000-U.S.-Dollar mark and was able to briefly break through. Whether this development is sustainable remains to be seen.
Dr. Philipp Giese
18. February 2019 BTC$of 3,872,90 4.86% part Facebook Twitter LinkedIn xing mail
You will feel in the middle of December, recalls: After the course to 17. December fell to the Ground, was a year-end-lift rally the price back above the 4,000 U.S. dollars. Unfortunately, this Level could not be maintained. For weeks, the price fluctuated around the 3,600 US dollars. To 8. February it went down even more, because up.
As in the Altcoin-market analysis reports, it was for the crypto-market today up. In particular, Ether is to be shown, that was recorded within the last week, over ten percent of the course plus. Until yesterday evening, rather slow moving, could the price of Bitcoin on the 17. February 22 at to gain momentum and tested this afternoon, the 18. In February, the noted 4,000 US dollars-on the stock exchange Bitfinex. Hopes, that now the bottom has been reached, as well as a generally positive market sentiment, reflected on the course.
Testing is the correct word, and finally, the Bitcoin-rate only for five minutes over the 4,000-US-Dollar-brand:
How to do it with the Bitcoin price?
a flash in the pan or a harbinger of a better development, what are the chart analysis says currently? Well, it looks like this:
With the two Pumps on 8. February and this afternoon could push the price against the moving average of the last 20 days. Currently, the course moves into the heights, had climbed to Bitcoin for the last Time between the years. The MACD is rising and the RSI is in for a Long time not tested heights – almost in Oversold. The low Aroon-Down Signal and the high Aroon-Up Signal with the other indicators to rather bullish impression. The course should be able to keep more above the MA20 in the daily chart, the is currently 3.631 US dollars, would be the next target in the case of 4.218 dollars to throw finally the view in the direction of 5.659 US Dollar.
also Read: the Altcoin-market analysis KW3 – Everything red to on TRON
For a Long Position, you could use the first Resistance at 4.218 US Dollar as the entry point, the Support 3.631 US Dollar as a Target and Support at 3.631 US Dollar as the Stop Loss.
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