Analysis of the current moment of Bitcoin

Bitcoin is in a triangle formation, and its correction has not yet come to an end. The selling power is still very large, it is quite likely that prices will not exceed the current resistance and prices will continue to fluctuate between USD $ 8,800.00 to $ 9,300.00. Such justifications can be perceived, mainly, on the basis of the sales volume is up and in the MACD, where the fast period (12) is cutting from the top down to the reading period (26), thus confirming the trend.

A likely alligator mouth is being formed and tied to the other indicators we can confirm a drop below USD $ 9,000.00 shortly. Alligator mouth is formed, mainly, due to news that affect the market, can be good or bad. However, the current news affects Bitcoin negatively, and can be seen through graphs which demonstrate investor psychology. In the figure below it is possible to be noticed the possible formation of an alligator mouth:

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Verge (xvg): DJavHZjgMSVraoR7JAEUonET34tTU9jRAw
Ethereum (ETH): 0x97e43f1c602128d352b9c080ef9d655c60ef14ac
Bitcoin (BTC): 1DTsWU1GuEo6QRiDkEyPcAjz5yczfNe2kT
Dash (DASH): XeQ1Wsneuuv4nFyk85R54eXicmDb7gdch1
Litecoin (LTC): LaQXkFLmKeVJFrFT8FtjZaEV3uRkgNBVj2
Zcash (ZEC): t1S9aTFFZvTn2hUfSSdGuTg5D5xjZhXYK99

Legal notice 2: Here was placed my opinion and analysis, the decision to invest or not is of their own free will, just as the profits or losses will be. Such past information has the informational purpose, that is, does not mean that it will occur. As Friedrich Hayek, Ludwig von Mises, and many other economists were seen, it is not possible to make any forward-looking statements.