6.9 C
September 28, 2020
Image default

Technical analysis of Bitcoin + ETH, BCH, XRP and LTC – Blocksats

As every Tuesday, we have another expert for you technical analysis cryptocurrency prepared by Chartław of Coinquista Labs. What awaits course Bitcoin. Ethereum. Bitcoin Cash, XRP and IOTA in the near future? Below you’ll find the course analysis BTC, and on the official Coinquista blog you can read the analysis of the others digital assets: ETH, BCH, XRP and LTC.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-14-04-2020/

What about this Bitcoin?

Looking at the quotations of the oldest of virtual currencies, we will notice that the price of BTC fell during the second half of February and the first half of March this year. by as much as 63%, thus reaching the lowest level since March 2019. There, too, a demand response appeared, as a result of which we have seen increases for several weeks. However, this trend is much calmer than earlier declines.

Current increases last almost as much as the previous downward impulse. However, their range is by half smaller, which may indicate limited demand pressure and still existing supply pressure. It is worth noting that as a result of this appreciation, the price of BTC reached the area of ​​recently defeated support (now resistance). So it turns out that there has been a classic fulfillment of the polarity change principle.

The first supply response has already appeared in the area of ​​the zone currently being tested. Therefore, if this resistance is permanently rejected, the BTC price could in the near future include another downward impulse, for which the range around the previous holes, i.e. USD 4,200, or the USD 3,000 barrier, seems to be real ranges.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-14-04-2020/

We remind you that on the Coinquist crypto exchange market for 90 days from registration, all users can trade without commission! How to register on the stock exchange, you will learn from this article: Coinquista Registration.

About Graphław:
His name comes from the words: Chart- (from “stock charts”), and -fame (from “fame”), which is the one who praises stock charts. He gives away history traders expert analyzes of company stock prices, fiat currencies and cryptocurrencies. Traders from four parts of the world come to him for advice of the highest importance: Buy? Sell? Should you breed? It was not easy, but the Coinquista Labs team, somehow managed to convince him to share his professional analysis with Blocksats readers. Let his charts look after you!

Get notifications about important new market events.

Related posts

How money was thought. Part 8. Soviet thinking |

Aparnna Hajirnis

MicroStrategy chose BTC as its reserve currency. The company bought over 21,000 Bitcoins |

Aparnna Hajirnis

Crypto.com: Supercharger, XRP auto-buying service and much more |

Aparnna Hajirnis

Leave a Comment