The price is below the MA of 50 1D periods, in previous days the price has made a fakeout but today it seems to be different.
Let's see
As we see in the past the last times that the price has broken the 50-period daily Ma average line has not been a good sign.
Analyzing the graph we see that in past opportunities when breaking it has indicated corrections between 12% to 62% in the last opportunity.
In previous days the price has fakeout, and has closed above the middle line
But what it has in particular is that today it begins is that the candle begins to form below the average line of 50 periods
Which gives more possibilities for the price to close below the midline, which would be a sign of a deeper correction.
What possible good supports of the price before a correction of the price of Bitcoin?
Bearish
Target 1: $ 8600 dollars approx.
Target 2: $ 8100 dollars approx.
Target 3: $ 7400 dollars approx.
Target 4: $ 6500 dollars approx.
What you think?
Will the price make a slight or deep correction?
From making a deep correction to what price do you think it could come?
Remember to give your post a vote, Always support good content. Thanks
Follow me it costs you nothing and you get a Healing Reward with Your Vote
Leave your comment or your vote. Your opinion and participation is important
Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
To be attentive
Protect your Investments
If the analysis helped you, give your vote with some hive, thanks !!
Lately I have noticed that there is no good analysis on hive, everything takes time, I ask that as you read them leave your vote, it is a way to encourage you to continue making more reports, thanks.
Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same.
READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
For your vote or comment, thank you
Or else Buy me a beer ! Ligthing Network
Vote for the post.
Always support good content.
Follow me it costs you nothing and you get a Healing Reward with Your Vote