Bitcoin Analysis - Page 3
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Thread: Bitcoin Analysis

  1. #1
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    Bitcoin Analysis

    Bitcoin price trading with strong negativity yesterday to attack level 7800.00 and break it down and settle without it, thus completing the formation of a double summit model showing its features, which pushes the price to divert its instantaneous and short-term decline and visit areas up to 7100.00 in principle.

    Thus, the downward slope will be weighted for this day unless the price can penetrate the 7800.00 level and re-position it again.

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  2. #21
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    Bitcoin price continued to provide positive trades to move within the emerging channel that appears in the picture, on the way to a possible test of the 6880.00 pivot Resistance, which represents the Fibonacci correction level of 38.2% of the measured decrease from 8497.00 to 5880.00, to be the downward regression weighted by The resistance in question, pending the resumption of the main downward trend.

    Therefore, the overall downward trend will remain unless the 6880.00 level is compromised and steadiness above it, it may be preceded by some temporary elevation before resuming the expected decrease, with the attention that breaking 6498.00 will put the price under negative pressure again, which has its first main goal at 6039.30.

    The range of trading expected today between support 6000.00 and resistance 6880.00.

    BTCUSDH4.jpg

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  3. #22
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    Mid-day Update for Bitcoin technical analysis

    Bitcoin price shows a tight and narrow circulation since the morning stable around the level of 6700.00, and as long as the price is below 6880.00, our projection of the downward trend will remain, and the price needs to break the 6550.00-6500.00 levels to enhance the expectations of the continued decline towards our first major goal At 6039.30.

    On the other hand, attention must be drawn to the fact that the 6880.00 breakthrough will open the way for further short-term gains, up to 7188.00 as the next major station.

    The range of trading expected today between support 6000.00 and resistance 6880.00.

    BTCUSDH4.jpg

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  4. #23
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    Bitcoin price rushed up strongly to penetrate the level of 6880.00 and stabilize over it, pushing the price for further gains over the next period, regularly within the emerging channel that appears in the image, and the price is expected to visit the 7188.50 level as the next major station.

    Therefore, the upward trend will be weighted in the instantaneous and short term, with attention to the fact that breaking 6880.00 and trading without it again will put the price under negative pressure starting its objectives by testing the 6600.00 levels and then 6500.00.

    The range of trading expected today between support 6600.00 and resistance 7300.00.

    BTCUSDH4.jpg

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  5. #24
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    Mid-day Update for Bitcoin technical analysis

    Bitcoin price shows quiet positive trading to step away from the level of 6880.00, which remains on the upward trend scenario for today, supported by a moving average of 50, waiting for the initial 7188.50 level, which represents a breakthrough key to 7500.00 as the next major station, with Recall that the continuation of the expected height requires stability above the 6880.00 level.

    The range of trading expected today between support 6600.00 and resistance 7300.00.

    BTCUSDH4.jpg

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  6. #25
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    Bitcoin price resumed its positive trades yesterday to approach our expected target at 7188.50, which represents a 50% Fibonacci retracement level from 8497.00 to 5880.00, which means that its penetration will pay the price to visit the 7500.00 level as a next target.

    The moving average of 50 continues to support the price from the bottom, to protect the trades within the rising channel appearing in the image, thus keeping the upward trend scenario effective over the next period, provided that the stability above the 6880.00 level is maintained.

    The range of trading expected for the day between 6800.00 support and 7400.00 resistance.

    BTCUSDH4.jpg

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  7. #26
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    Mid-day Update for Bitcoin technical analysis.

    Bitcoin price resumes its positive attempts now on its way to test the level of 7188.50, waiting to penetrate this level to confirm the rush towards our next goal that exists at 7500.00.

    In general, we will continue to weigh the upward trend in the coming period unless the level of 6880.00 is broken and stability is below it.

    The range of trading expected for the day between 6800.00 support and 7400.00 resistance.

    BTCUSDH4.jpg

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  8. #27
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    Bitcoin price tested the axial support 6880.00 and maintained its stability over it, coupled with the approach of the stochastic to provide a positive intersection signal on the time frame for four hours, while the moving average continues 50 to provide support for the price.

    Thus, these factors encourage us to continue to weigh the upward trend over the instantaneous and short term, recalling that our objectives start at 7188.50 and extend to 7500.00 after penetrating the previous level, while recalling the importance of stability above 6880.00 to achieve the proposed objectives.

    The range of trading expected for the day between 6800.00 support and 7500.00 resistance.

    BTCUSDH4.jpg

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  9. #28
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    Mid-day Update for Bitcoin technical analysis.

    Bitcoin price for the pivot support test is now 6880.00, which requires attention from upcoming trades, as it will complement the formation of a bearish technical model that has the ability to return the price to the main downward trajectory and stop the newly initiated upward correction.

    Until now, the upward trend scenario will remain effective unless the 6880.00 level is broken and the stability below it, supported by positive average moving 50 and stochastic, indicating that the expected targets start at 7188.50 and extend to 7500.00.


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  10. #29
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    Bitcoin traded negatively yesterday to attack the level of 6880.00, but we note that the average moving 50 managed to protect the price from incurring further losses, to bounce trades upwards and settle above the mentioned level, thus keeping our expectations of the upward trend effective so far, where the price continues to move within The ascending channel that appears in the image, waiting to visit the 7188.50 level as the next target.

    Therefore, we are waiting for a further increase during the upcoming sessions, provided that the stability above 6880.00, indicating that the penetration of the first target will pay the price of about 7500.00 as the next major station.

    The range of trading expected for the day between 6800.00 support and 7500.00 resistance.

    BTCUSDH4.jpg

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  11. #30
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    Mid-day Update for Bitcoin technical analysis.

    Bitcoin price keeps its stability above the pivot support 6880.00, so that the bullish trend scenario remains for today, supported by the 50 moving average that continues to carry the price from below, waiting to target 7188.50 and 7500.00 levels that represent our following main objectives, with attention to that breaking 6880.00 will press the price to return to the main downward trajectory again, which begins its negative targets at 6500.00.

    The range of trading expected for the day between 6800.00 support and 7500.00 resistance.

    BTCUSDH4.jpg

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