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19 Jun 2020 15:53:14 UTC
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Bitcoin Analysis | 19 June 2020 | Price is Ranging
Bitcoin is hovering around for more than a week now, In a tight range without a huge mover or percentage change.
We have seen some weakness in term of price momentum, that what indicate the RIS stochastics as well, as it starts dipping below the 25% which indicate that we might enter the oversold area, therefore more consolidation before it reverses the trend.
For the day we can say that Currently Bitcoin it's trading in a range between 9220 and 9562.
For the moment the general trend in Bearish on Bitcoin unless we see another move that contradicts our hypotheses.
Thank you for reading this and help us by supporting, it's highly appreciated.
Have a good day and happy earning.
@cryptouss
------------------------------------------- DISCLAIMER ------------------------------------------
This is not a financial advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might have the wrong assumptions in some cases.
We have seen some weakness in term of price momentum, that what indicate the RIS stochastics as well, as it starts dipping below the 25% which indicate that we might enter the oversold area, therefore more consolidation before it reverses the trend.
For the day we can say that Currently Bitcoin it's trading in a range between 9220 and 9562.
For the moment the general trend in Bearish on Bitcoin unless we see another move that contradicts our hypotheses.
Thank you for reading this and help us by supporting, it's highly appreciated.
Have a good day and happy earning.
@cryptouss
------------------------------------------- DISCLAIMER ------------------------------------------
This is not a financial advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might have the wrong assumptions in some cases.
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Bitcoin has shown a sudden upward move this night, As it breaks to throw the phycological resistance line and continue trending higher.
Our new Support line became $10,000 as bitcoin show more and more strength along with its trend.
we will be updating our analysis accordingly to provide more accurate analysis for that event.
Enjoy Hodlers. This is your time to shine.
Thank you for reading this post, help us by up-voting it's highly appreciated.
Have a good day and happy earning.
@cryptouss
-----DISCLAIMER-----
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[Image Source: tradingview.com]
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Bitcoin for Late 27 June, continue to show some negativity around the general sentiment for price action. It shows that it's having support around 8800 and 8700 levels that were previously on 25 May,
currently, Bitcoin price has broken the uptrend channel and trading around 9000. The general trend is bearish at this moment unless we see some good support or a reversal.
Thank you for reading this post, help by supporting it's highly appreciated.
Have a good day and happy earning.
@cryptouss
------------------------------------------- DISCLAIMER ------------------------------------------
This is not a financial advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might have the wrong assumptions in some cases.
[Images Sources: Tradingview.com]
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Following our recent Bitcoin analysis, The first of June Candle has reached 10428, As it couldn't hold that level and it dropped almost 6% in a very rapid way.
Bitcoin has touched $9267 Level on CoinbasePro and started to recover.
At this moment, we are still trading in the narrow triangle that we have set before and still withing the support trend line.
Unless we have seen a downward movement and Bitcoin has closed below 2 June Trend line support level which is 9120, Then we should be focusing on its strength and volume. As this is a key level for the next move.
At this moment we remain bullish as unless we didn't break level mentioned above, if so then
We will adjust our analysis accordingly.
Thank you for reading this post, help us by up-voting it's highly appreciated.
Have a good day and happy earning.
@cryptouss
-----DISCLAIMER-----
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[Image Source: tradingview.com]
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Bitcoin Has shown small relatively correction from its dump in 2Jun Evening, and trading currently around 9640.
As long As BTC is trading above 9240 on 4 June and 9370 on 6Jun, which is the Support trend line we will stay bullish on Bitcoin.
Now Checking the hourly chart for the day, we will see that Bitcoin is trading in a range from 9468 to 9694, As long as it breaks this resistance level it will become support and obtain another range.
Thank you for reading this post, help us by up-voting it's highly appreciated. Have a good day and happy earning. @cryptouss
-----DISCLAIMER----- This is not an Investment advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might be wrong.
[Image Source: tradingview.com]
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**Bitcoin is slightly Up today as it's trying to recover 2Jun Losses,
Bitcoin is up today 1.74% on Thursday 4 Jun. **
Bitcoin has moved to a new range which is between 9694 as support and 9844 as resistance.
Currently, it's still ranging between those levels as we are still bullish in our prediction as we don't see the price above 9240, which already that happens.
Bitcoin is still holding strong at this moment and waiting for its next move.
Our Oscillator indicator shows Buy signal as well as Moving Averages has a Strong Buy signal, we will remain bullish at this moment until we see a move that breaks the levels that we have mentioned above.
Thank you for reading this post, help us by up-voting it's highly appreciated. Have a good day and happy earning. @cryptouss
-----DISCLAIMER----- This is not an Investment advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might be wrong.
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Bitcoin is showing a very small pullback from yesterday low $9580, The
Stochastic RSI indicatess around 75%.
For now, Bitcoin is ranging for the day between 9866 and 9650, not that much of movement.
We will keep watching for any updates.
The General Trend is **Bullish** for tomorrow.
Thank you for reading this post, help us by up-voting it's highly appreciated. Have a good day and happy earning. @cryptouss
-----DISCLAIMER----- This is not an Investment advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might be wrong.
[Image Source: tradingview.com]
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Bitcoin is trading in a narrow range for a couple of days nothing has been changed with our last analysis, As we stay bullish on Bitcoin as long as it holds above the support trend line.
Bitcoin has held it's the price above $9480 for 8 June, therefore with our analysis bitcoin is holding its level without any change so far.
We will be looking for Tuesday price as it should hold above $9435 by the end of the day of 9 June,
to stay bullish on Bitcoin.
The General Trend will remain bullish if nothing changed.
Thank you for reading this post, help us by up-voting it's highly appreciated. Have a good day and happy earning. @cryptouss
-----DISCLAIMER----- This is not an Investment advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price, we might be wrong.
[Image Source: tradingview.com]
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