Will it be possible to take the $ 10,000 line on the third attempt?

Last week, the market was dominated mainly by buyers, but to earn a point of support above the $ 9800 mark, it again failed.

On other possible scenarios of the bitcoin price movement and a little bit about Ethereum, they will tell the CEO of the cryptorg.net service and the permanent author of ForkLog Andrey Podolyan.

As expected in the previous review, massive sales can be followed near this level. This happened: the price practically reached $ 10,000 and then began to fall precipitously.

Now the price is close to $ 9300. On the daily chart, all this looks like a floor of high volatility. The price has already tested $ 9,800 twice. If it reaches this mark again, it is most likely that a collapse occurs. In this case, with a high probability of growth will be a boost, with a breakdown of $ 10,000 and a move to $ 11,700.

Within the four hour time frame, the triangle worked perfectly, which was also shown in the last number. As a result, the triangle was perforated, and the price went up in width. Now there is a setback. The probable level from which you can "choose" is the $ 9,000 zone, where local assistance is provided on a four-hour chart.

Ethereum

The second by the capitalization of the cryptographic currency exceeded all expectations, exceeding the first goal of $ 777 and reaching $ 838. However, the asset can not grow continuously, sometimes a "restart" is required, which we are now observing .

The correction can reach levels of $ 720 and $ 666 respectively. Purchases with the aim of catching an upward trend are logical to do near these levels.