empty
 
 
24.04.2019 09:31 AM
Bitcoin. Bearish signal for the correction of Bitcoin

Another large wave of Bitcoin growth allowed reaching the resistance level of 5670, but a bearish divergence is formed on the MACD indicator. This suggests that the rate in the near future will either remain in the side channel, or a downward correction will be formed. Therefore, I do not recommend to hurry with the purchase at the current levels.

Signal to buy Bitcoin (BTC):

Now, a new signal for buying will be the formation of a false breakdown in the support area of 5520, as it was yesterday, or a rebound from a larger minimum in the area of 5400 and 5220. The main task of the bulls for today will be to hold the support level of 5520, as well as a breakthrough and consolidation above 5660, which will resume the upward trend and lead to an update of the highs in the region of 5880 and 6000 USD, where I recommend taking profits.

Signal to sell Bitcoin (BTC):

The bears' task for today will be to return and consolidate under the intermediate support level of 5520, which will lead to a larger downward correction to the level of 5400 and 5220, where I recommend taking profits. The formation of a false breakout with the update of yesterday's high around 5660 and confirmation of this false breakout by divergence on the MACD indicator will also be a good signal to open short positions in Bitcoin. Otherwise, you can sell on a rebound from 5880.

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $5000 más!
    ¡En Noviembre, sorteamos $5000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback