Monthly Macro Support Tested With Impulsive Move

2019-9-7 00:22

Summary: Shortly after seeing a retest of macro resistance at $10,750, the bitcoin market saw a strong pullback that has us testing a monthly supply level of $10,300. The support retest came about on strong volume and high spread, but is currently showing signs of support exactly where the bulls would want to see the market find support.If we can hold the $10,300 level, I expect to see a strong continuation of our uptrend and for the price to ultimately break new highs above $11,000.However, if we fail to hold support we will most likely be visiting the low $9,000s for the fifth time.

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The post Monthly Macro Support Tested With Impulsive Move appeared first on Bitcoin Magazine.

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monthly macro bitcoin move support tested impulsive

Источник: bitcoinmagazine.com

monthly macro → Результатов: 7


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Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s:Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to MarkupThis shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s.

2018-9-24 21:29


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