There are already three touches of resistance without the price of Bitcoin, to be able to break it. That's not good
Let's see
Following the price of Bitcoin by CME for days has made it easier to predict possible up or down movements.
As we saw today, the price of Bitooin in the CME today reaches $ 10580 dollars and it is returned forming a Pin Bar candle. That in peaks of bullish cycles may indicate a change in trend.
Daily chart
Analyzing the daily chart, we see that the price is about to close again above the daily average MA of 21 periods, which is a good sign.
The important thing would be to control the price of Bitcoin and the MA line of 21 weekly periods.
Weekly chart
Bitcoin's price should remain above the MA weekly average of 21 periods, to think that Bitcoin will continue to rise.
What should the price do to continue this upward trend?
- The price tomorrow should not lose the MA average of 21 periods weekly chart.
- Stay above the mean line MA of 21 periods daily graph.
- You should finish the candle in green (positive) tomorrow recovering part or completely wrap the previous candle (bullish engulfing candle).
What you think? UP or Down?
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