Hello!
Sometimes we need to look at the charts, so that it becomes clearer where the market is now and where it is going to go further.
I decided to publish two graphics for bitcoin. Perhaps it will be useful for someone.
The first graph is the bitcoin schedule from February 2017. Here you can see the main trends. As we see the price has reached an important level of support and the decline has stopped.
On the second chart, a shorter period for information is happening right now. Here it is important to see that the fall occurs at large volumes, and growth occurs at low volumes.
Of course, it is difficult to make predictions on the crypto market, but based on these graphs, I can make a guess that the price may still fall in the near future.
I can assume that the bitcoin price will break down support at $ 6,400 and the price will go even lower. I think that only after this the market will begin to turn upward and we will see a new wave of growth.
This means that it's better not to rush to buy while waiting for a better moment for it.
You can see that the price of bitcoin in the last two days is showing signs of a strong recovery and at the moment it has returned to $ 6600, according to my analysis, the bitcoin price may return to $ 7300 level because So you can keep to that point to sell. The market is bearish in the long run so you should have a clear trading plan before trading to minimize risk.Sometimes we need to look at the charts, so that it becomes clearer where the market is now and where it is going to go further.
I decided to publish two graphics for bitcoin. Perhaps it will be useful for someone.
The first graph is the bitcoin schedule from February 2017. Here you can see the main trends. As we see the price has reached an important level of support and the decline has stopped.
On the second chart, a shorter period for information is happening right now. Here it is important to see that the fall occurs at large volumes, and growth occurs at low volumes.
Of course, it is difficult to make predictions on the crypto market, but based on these graphs, I can make a guess that the price may still fall in the near future.
I can assume that the bitcoin price will break down support at $ 6,400 and the price will go even lower. I think that only after this the market will begin to turn upward and we will see a new wave of growth.
This means that it's better not to rush to buy while waiting for a better moment for it.