🔵 A N A L Y S I S 🔵
📢🎓 Bitcoin prices are feeling the pull of gravity today, amid solid gains across many alternative cryptocurrencies.
Having soared to new record highs around $20,000 over the weekend, the world's largest cryptocurrency by market capitalization has since dropped close to $18,000 levels.
Meanwhile, ETH and BCH have both hit new all-time highs today (as per CoinMarketCap), having gained 16.6 percent and 26.6 percent, respectively, in the last 24 hours.
The downside in BTC could be limited, as most major alternative currencies have clocked new lifetime highs in the last 24 hours, and it's possible that investors may take their profits in alternative currencies and channel part of that new money back into bitcoin.
Even so, the price chart analysis calls for a quick progression in prices, or bulls risk losing control.
📢🎓 Bitcoin prices are feeling the pull of gravity today, amid solid gains across many alternative cryptocurrencies.
Having soared to new record highs around $20,000 over the weekend, the world's largest cryptocurrency by market capitalization has since dropped close to $18,000 levels.
Meanwhile, ETH and BCH have both hit new all-time highs today (as per CoinMarketCap), having gained 16.6 percent and 26.6 percent, respectively, in the last 24 hours.
The downside in BTC could be limited, as most major alternative currencies have clocked new lifetime highs in the last 24 hours, and it's possible that investors may take their profits in alternative currencies and channel part of that new money back into bitcoin.
Even so, the price chart analysis calls for a quick progression in prices, or bulls risk losing control.
🎓 The above chart (prices as per Coinbase) shows:
👉 "Hanging man" candle – a bearish reversal candlestick chart pattern that occurs at the top of an uptrend. A weak close (as per UTC) below $18,200 (yesterday's low) would confirm a bearish reversal.
👉 Increased risk of a bearish price-relative strength index (RSI) divergence, as suggested by higher highs in price and lower highs on the RSI. A weak close today would confirm the bearish RSI divergence.
👉 The 5-day MA and 10-day MA are curled up in favor of the bulls.
👉 Rising trendline support is seen at $17,500.
👉 "Hanging man" candle – a bearish reversal candlestick chart pattern that occurs at the top of an uptrend. A weak close (as per UTC) below $18,200 (yesterday's low) would confirm a bearish reversal.
👉 Increased risk of a bearish price-relative strength index (RSI) divergence, as suggested by higher highs in price and lower highs on the RSI. A weak close today would confirm the bearish RSI divergence.
👉 The 5-day MA and 10-day MA are curled up in favor of the bulls.
👉 Rising trendline support is seen at $17,500.
View:
📌 BTC looks set to test the rising trendline support of $17,500 in the next 12 hours. However, the support might hold, since the dips below the upward sloping 10-day MA ($17,756) are likely to be short-lived. Furthermore, a pullback in alternative currencies could take the pressure off bitcoin.
📌 However, a close (as per UTC) below $17,500 would add confirm the bearish hanging-man reversal and bearish RSI divergence. As history shows, bitcoin has suffered major corrections following confirmation of the bearish RSI divergence.
📌 Hence, a close below $17,500 could potentially yield a decline to $13,500 (Dec. 12 low).
📌 On the other hand, a move above the 5-day MA ($18,822) in the next few hours could put a return to $20,000 back on the table.
📌 BTC looks set to test the rising trendline support of $17,500 in the next 12 hours. However, the support might hold, since the dips below the upward sloping 10-day MA ($17,756) are likely to be short-lived. Furthermore, a pullback in alternative currencies could take the pressure off bitcoin.
📌 However, a close (as per UTC) below $17,500 would add confirm the bearish hanging-man reversal and bearish RSI divergence. As history shows, bitcoin has suffered major corrections following confirmation of the bearish RSI divergence.
📌 Hence, a close below $17,500 could potentially yield a decline to $13,500 (Dec. 12 low).
📌 On the other hand, a move above the 5-day MA ($18,822) in the next few hours could put a return to $20,000 back on the table.
CryptoBullet
COIN: #XVC BUY PRICE: 0.00007780 ✅ TARGET ✅ 1️⃣ 0.00008500 2️⃣ 0.00009200 3️⃣ 0.00010000 (mid term) ❌ Stop-loss: 0.00007000
👉$XVC hit 0.000091
Second target roughly achieved 🎯
Estimated gained profit💰: +18% in 2 hours
Second target roughly achieved 🎯
Estimated gained profit💰: +18% in 2 hours
CryptoBullet
BUY $UBQ under 0.000175 SELL PRICE : 0.00019 - 0.0002 - 0.0021
🔥👉$UBQ has reached 0.000232
All targets achieved 🎯
Estimated gained profit💰: +32%
The price is still above the 3rd target
Congratulations to those who followed the signal.
All targets achieved 🎯
Estimated gained profit💰: +32%
The price is still above the 3rd target
Congratulations to those who followed the signal.
CryptoBullet
Short term signal‼️ 💰Buy #XZC under 0.00350 🎯Sell~ 400 stoploss~ 320
👉$XZC touched 0.00409
Sell target achieved 🎯
Profit💰: +16% so far
Sell target achieved 🎯
Profit💰: +16% so far
CryptoBullet
COIN: #XCP BUY PRICE: 0.00173554 ✅ TARGET ✅ 1️⃣ 0.00190000 2️⃣ 0.00200000 3️⃣ 0.00250000 (mid term) ❌ Stop-loss: 0.00149000
👉$XCP reached 0.00204 recently
Second target achieved 🎯
Profit💰: +18%
Second target achieved 🎯
Profit💰: +18%
CryptoBullet
Coin ~ TX BUY : 0.00018 - 195 SELL : 22 - 24 - 27 - 30 - OPEN TARGET
👉$TX reached 0.000228 recently
Third target achieved 🎯
Estimated gained profit💰 : +27%
Third target achieved 🎯
Estimated gained profit💰 : +27%
CryptoBullet
COIN: #ADA BUY PRICE: 0.00002575 ✅ TARGET ✅ 1️⃣ 0.00002750 2️⃣ 0.00003000 3️⃣ 0.00003500 (mid term) ❌ Stop-loss: 0.00002350
👉$ADA flashed and hit 0.000032
Second target achieved 🎯
Estimated profit💰: +23%
Stay tuned!
Second target achieved 🎯
Estimated profit💰: +23%
Stay tuned!
CryptoBullet
COIN: #GRS BUY PRICE: 0.00008175 ✅ TARGET ✅ 1️⃣ 0.00008900 2️⃣ 0.00009500 3️⃣ 0.00011000 (mid term) ❌ Stop-loss: 0.00007200
👉$GRS flashed to 0.000123
All targets achieved 🎯
Estimated gained profit💰: +50%
Still above the third target.
Congratulations to those who followed the signal.
#Pin_our_channel_on_top and stay always tuned in order not to miss your opportunity to make huge profit💸
Let the CryptoBullet hit you!🔫
All targets achieved 🎯
Estimated gained profit💰: +50%
Still above the third target.
Congratulations to those who followed the signal.
#Pin_our_channel_on_top and stay always tuned in order not to miss your opportunity to make huge profit💸
Let the CryptoBullet hit you!🔫
COIN: #GNT
BUY PRICE: 0.00003286
✅ TARGET ✅
1️⃣ 0.00003500
2️⃣ 0.00003700
3️⃣ 0.00004500 (mid term)
❌ Stop-loss: 0.00002900
BUY PRICE: 0.00003286
✅ TARGET ✅
1️⃣ 0.00003500
2️⃣ 0.00003700
3️⃣ 0.00004500 (mid term)
❌ Stop-loss: 0.00002900
COIN: #GAME
BUY PRICE: 0.00018644
✅ TARGET ✅
1️⃣ 0.00020000
2️⃣ 0.00022000
3️⃣ 0.00026000 (mid term)
❌ Stop-loss: 0.00016500
BUY PRICE: 0.00018644
✅ TARGET ✅
1️⃣ 0.00020000
2️⃣ 0.00022000
3️⃣ 0.00026000 (mid term)
❌ Stop-loss: 0.00016500