Bitcoin Analysis - November 14, 2017
Bitcoin price has fallen below the short-term upward trend, and now the level of about $ 6730 appears to be a resistance level. The current rate is about $ 6540 for a Bitcoin. If it fails to break the upper limit again, then the next levels expected to be reached are first $ 5,500, which is the lower short-term limit and if there is a subsequent drop of $ 4800-5200.
The technical indicators show that we are in an overbought zone, and the return of the price to about $ 6,000 would confirm the bearish mood in the market.
If, however, the price of Bitcoin breaks the resistance level of $ 6730, then we can expect to reach new peaks.
The analysis is for informational purposes only and does not constitute advice, recommendation or offer to buy or sell Bitcoin, any other cryptocurrencies or financial instrument. @suggeelson is not responsible for any losses after the use of the current analysis. Invest wisely and only amounts that you can afford to lose.
Vote for me as a witness
You can vote for me here:
https://steemit.com/~witnesses
Scroll to the bottom of the page.
Type "suggeelson" into the box (without the quotes and @), and then click the vote button.
image source - screenshot from tradeview
img credz: pixabay.com
Nice, you got a 94.0% @juliank upgoat, thanks to @suggeelson
It consists of $2.28 vote and $0.03 curation
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @suggeelson to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
bitcoin descend to 200MA
good post
Thank you.
Interesting article.
Visit CoinCheckup.com | SteemIT - Daily Technical Analysis
As always :D