I found this for make bitcoin rentable business in 2019
https://get.cryptobrowser.site/5472356
Topic: Bitcoin Market Analysis, Tuesday, March 12, 2019 (Read 189 times)
Although the market seem to be more difficult to analyse since the dropped in the price of Bitcoin which causes more bearish that's still ravaging the market till now. Seeing Bitcoin price hitting the 4,000$ will shoot up the entire cryptocurrency market, so, lets wait for the market to recover before expecting the bull run.
The bullish is the one that most people expect. Price keep locking slightly around $4,000. I do hope to see price breaking past $4,000 this week , maybe that can continue the bullish.
Today we look at the Bitcoin market analysis. Currently, Bitcoin is heading towards historical resistance level that caused some of the largest price drops during the current bear market. From the macro market perspective, there are two very likely scenarios and one not so much.
Bullish scenario – We break the resistance and head towards the previous accumulation zone (Highlighted blue box with green arrow). To break this resistance we need high buying volume which in the current market state is highly unlikely. However, there are factors that might act as a catalysator for bullish move initiation (See further text). If the accumulation zone is broken, afterward the bull market is most likely to be ignited. This is a really unlikely event.
Bearish scenario – Heading towards resistance will most likely trigger fast 1-2 candle drop to previous historical accumulation zone. We cannot know how the price will react to further levels. Because there is no historical data that supports any predictions in such market conditions regarding volume and exposure.
Accumulation scenario – This scenario is the most unlikely one because the resistance line historically has proven to cause rapid movements. Going sideways through resistance like this on such a high timeframe is the most unlikely event. The only viable option would be a small breakout that leads to a retest of the resistance and results in accumulation.
For a breakdown overall market state, visit our newest article: https://bestcoininvestments.com/bitcoin-market-analysis-tuesday-march-12-2019/
Bullish scenario – We break the resistance and head towards the previous accumulation zone (Highlighted blue box with green arrow). To break this resistance we need high buying volume which in the current market state is highly unlikely. However, there are factors that might act as a catalysator for bullish move initiation (See further text). If the accumulation zone is broken, afterward the bull market is most likely to be ignited. This is a really unlikely event.
Bearish scenario – Heading towards resistance will most likely trigger fast 1-2 candle drop to previous historical accumulation zone. We cannot know how the price will react to further levels. Because there is no historical data that supports any predictions in such market conditions regarding volume and exposure.
Accumulation scenario – This scenario is the most unlikely one because the resistance line historically has proven to cause rapid movements. Going sideways through resistance like this on such a high timeframe is the most unlikely event. The only viable option would be a small breakout that leads to a retest of the resistance and results in accumulation.
For a breakdown overall market state, visit our newest article: https://bestcoininvestments.com/bitcoin-market-analysis-tuesday-march-12-2019/
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