Its begginers help? Or begginers buy and sell when i tell you? You have 0 post, 0 creditibility.
Anyone can say it will rise or not and its always 50/50 chance.
Topic: Bitcoin Analysis 9th of November, 2017 (Read 133 times)
Dear Friends,
Instead of introduction, we wanted to give a quick analysis of what happened to the price of Bitcoin since yesterday. Our team has created a video, that you can see below our analysis.
For the sake of the explanation and giving the numbers, here are the details…
https://bestonlinebitcoinbrokers.com/wp-content/uploads/2017/11/Screen-Shot-2017-11-09-at-11.30.55.png
The Levels
Current price of BTCUSD is: 7200
1st Support Level is at: 6800
2nd Support Level is at: 6300
1st Resistance is at: 7400
2nd Resistance is at: 7900/8000
Possible Scenarios
One possible scenario is to see price dropping down to the level of 6800 (1st resistance level) and then bouncing back up
A second scenario is to see price dropping down to the next support level at 6300. From there, depending on price action, we might see price going higher back to its current levels.
A major correction is also possible, although less likely. Therefore, we expect to see a minor correction before the bullish trend continues.
Video Analysis
https://www.youtube.com/watch?v=SpXFOZpzIcs
Instead of introduction, we wanted to give a quick analysis of what happened to the price of Bitcoin since yesterday. Our team has created a video, that you can see below our analysis.
For the sake of the explanation and giving the numbers, here are the details…
https://bestonlinebitcoinbrokers.com/wp-content/uploads/2017/11/Screen-Shot-2017-11-09-at-11.30.55.png
The Levels
Current price of BTCUSD is: 7200
1st Support Level is at: 6800
2nd Support Level is at: 6300
1st Resistance is at: 7400
2nd Resistance is at: 7900/8000
Possible Scenarios
One possible scenario is to see price dropping down to the level of 6800 (1st resistance level) and then bouncing back up
A second scenario is to see price dropping down to the next support level at 6300. From there, depending on price action, we might see price going higher back to its current levels.
A major correction is also possible, although less likely. Therefore, we expect to see a minor correction before the bullish trend continues.
Video Analysis
https://www.youtube.com/watch?v=SpXFOZpzIcs
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