Bitcoin (BTC / USD), to reduce some growth in the early Asian session, because steam rose after yesterday’s level of 45472.81 investment in the 43955 European session and test minimum, i.e. tested 76.4% with increasing the correction December 42505.02 to 48912. During the retreat, the districts of 45945,44, 45418,91, 44767,43 and 44669,26 were recently elected, rising to 50% and 61.8%, 76.4%, 78.6%. Retreat from the December rise from 43714.36 to 48176.52. The chart’s BTC / USD pair was trading at 44216.47, a 61.8% retreat in the wider December range of gains from 41509 to 48912, the chart said.
The BTC / USD pair has hit a number of lower levels in the past few trading sessions, which is a bearish trend that could lead to an October drop in the exchange rate. If the BTC / USD pair has extended its final upward trajectory, the deceleration levels and potential technical resistance areas include the 48287.98, 52608.44 and 53259.47 zones. Traders note that the 50-bar average (4 hours) is rising above the 100-bar average (4 hours) and above the 200-bar average (4 hours). In October, the 50-bar average (hour) tends to be below the 100-bar average (hour) and below the 200-bar average (hour).
Price activity is closest to the 50 bar average at 45946.43 (4 pm) and the 50 bar average (4 pm) at 45063.69.
Technical support expected in the region 28747.28/ 27706.27/ 27175.66 you’d expect that to happen with the stops below.
Technical resistance expected to be close 48287.98/ 51569.56/ 64899 with stops expected above.
On the 4-hour chart, SlowK is bullish above SLOWD, while MACD is bearish below the Macda average.
On the 60 minutes chart, SlowK tends to rise above SLOWD, while MACD tends to rise above the Macda average.
DISCLAIMER: This trade analysis is provided by a third party and
