Bitcoin Technical Analysis Forecast
Cryptocurrency still trades below 10000$- it was expected (look the same story ….)
Also, we can see, the declines are followed by higher volume than the inclines, which indicates that the sellers are stronger than the buyers last months. All cryptocurrency suffer from hackers’ who’s sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other devices. This threat the most dangerous of 2018.
shortly: ““Chinese stock bubble of 2007 wiped out hundreds of billions of market value
Chinese shares have tumbled more than 8% in one day in November 2007
Major indexes had their largest one-day drop ever
Shanghai Composite Index lost 8.5%, to 3,725.56 points.
Stocks fell across the board, with 2,247 companies falling, leaving only 77 gainers.
More than 1,500 shares listed in Shanghai and Shenzhen dived by their 10 percentage point daily limit, led by index heavyweights
Sudden fall wiped almost a third off the value of shares during the course of a few weeks.
The fall was caused by rumors that the Chinese governmental economic authorities were to introduce varying policies that would restrict foreign investment – from capital gains tax to raising interest rates to a clampdown on speculative trading with borrowed money”
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| bitcoin technical analysis |
Technical analysis:
pay attention to 9600$ price level! – closed below this level will send bitcoin to cope with 4800$ price area, or even to lower price to the 3200 $ price While stay above those levels could send bitcoin up again over the last recording-term trend forecast moved is still up as long as 8600$ will hold! Break below 11,200-12,300$ on weekly basis will send bitcoin to 9200-9600 $ while a break below those levels will lead bitcoin to cope with 4800$
Break down on weekly basis 4800+_ $ price area will send bitcoin to 3200$ while staying above could send it back to see new high
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This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice