Bitcoin analysis: Live update
The 4 hour time frame of Bitcoin is displayed in this analysis with price action from June 24, 2018 to current date.
The overall sideways price action is captured with a symmetrical triangle chart pattern.
The implication of the chart pattern above is a balance between supply and demand for Bitcoin. ~$6,880.80 and $6,132.10 mark price levels that indicate possible exits from the chart pattern with the former indicating resumption of bullish momentum, and the latter bearish.
Width of the triangle is highly valuable in projection of price after a successful exit from the triangle.
Interested in Litecoin (LTCUSD)? Check out our previous analysis below.
https://coinanalyst.investments/2018/09/27/ltc-news/
Moreover, EURJPY (FX) analysis can be found here.
https://steemit.com/forex/@cryptotrader0029/eurjpy-with-a-double-bottom-pattern-6-hour-tf-analysis
Nice charts. It's always cool to have a readable chart and this would aid in placing your "buys" and "sells" options.
Have you heard of the new exchange that is unique for its user-friendly interface; Digitex? You can grab more info about it here:
https://steemit.com/digitex/@horpey/rhztgba-user-friendliness-arrives-in-crypto-exchange-digitex
Thanks a lot for your kind words. I will check out Digitex for sure. Cheers
@cryptotrader0029, I gave you a vote!
If you follow me, I will also follow you in return!