Bitcoin's Price Action In Depth Analysis (March, 9)
Bitcoin Daily
It looks like Bitcoin is heading again toward the 4200$ resistance barrier. Yesterday we had a minor flash - crash, but bounced immediately at the 0.5 Fibonacci retracement, which became our support. At the moment we are hovering exactly between the 0.618 and 0.786 retracement levels. The Ichimoku resistance cloud continues to shrink and also a bullish MACD cross is about to happen.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
Moving Averages
The 55 day MA (blue) is approaching again the 100 day MA (red) and a bullish cross might happen. We're currently riding along the 21 (yellow), which turns out to be of great importance. The volume calculated by Coinmarketcap is also increasing rapidly. In fact, Bitcoin 24h volume is crossing 10 billion dollars for the first time since March 2018!
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
Adam and Eve Update
I know I keep posting on and on about this pattern, but it is still in play! As you see, ~4200$ is not that far away. Considering the huge increase in the trading volume, a breakout isn't so impossible anymore.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
LONGS vs SHORTS
An alarming and worrying fact is that the BTC longs are free falling at the moment, whilst the Shorts continue to increase. Is it just the herd effect or do the whales know something in advance?
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
2014 Comparison Update
Bitcoin is still respecting the comparison with the 2014 movement. We're still holding the 200 week MA (grey) support. A bearish 55 MA below 100 MA is about to happen, which according to 2014, will last around 400 days.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
Thanks for reading!
Any amount is highly appreciated!
Exchanges:
- Bitfinex - my most used exchange
- Binance - most popular exchange
- Kucoin - excellent exchange, rising in popularity
- Gate - for small cap / new coins
- Huobi - margin trading
- Coinexchange - big variety of coins
- Tokok - here you can find NEX!
- Magic Dice - Feeling lucky? Gamble your money
- Freebitco.in - earn free Bitcoin & high prices - if you're lucky
- 0xe1347a6F7f44fdd6Ae8B2fA80E1c8e1e4a13C7a5 - If you wish to donate ETH / or ERC-20 tokens
- 19feKUFZ4XgYbFLQf4MA3B8RnmF5s98m53 - If you wish to donate BTC
- DRUGWARS - Want some STEEM? Play strategic and win some!
Thank you!
Thank you! Find me on Twitter for updates
STAY SAFE - TIP: ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!NEVER HAVE THE SAME PASSWORD TWICE!SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES!Thanks for reading and safe trading!✌
If you find this post useful, please:
Congratulations @aezakmi! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness and get one more award and increased upvotes!
Congratulations @aezakmi! You received a personal award!
Thank you for taking part in the early access of Drugwars.
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
This post is supported by @tipU upvote :)
@tipU voting service always profitable, instant upvotes | For investors.