The Game of Charts: Bitcoin Update- 20 Aug, 2018

in #bitcoin6 years ago

"The chart speaks louder than words"

Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.

TV 20 Aug 2018.png

  1. Bitcoin has been hovering in this range for past ten days
  2. Looks like an ascending triangle is forming
  3. The vertical orange lines showing that only the RSI has increased in the past 10 days but in comparison to that Bitcoin price hasn't increased much
  4. Every time BTC tried to move upward, it has found strong resistance at $6600 level
  5. The lower yellow trend line has acted as a support several times. What if this support is broken?
  6. If the current price action of the bitcoin is only an RSI cool off, so that Bitcoin can further move downwards, then we may see bitcoin in $5600 - $5400 range.
  7. A violent move is coming. Make your strategy and be prepared to catch the move

red-white line.png
Disclaimer:
This is purely a technical analysis and it is to be used for educational, entertainment purposes only. This is not a financial advise to buy or sell Bitcoin and I am not a financial advisor. Do your own research before investing.
red-white line.png


Upvote follow resteem.gif

Please Upvote and Resteem

Steemit horizontal line separator.png
I appreciate your support
Follow me @ABYZEE
upvote resteem reply steemit gif.gif
Iconomi-icon.png

Sort:  

good post !!

It'll be a big help to you.

byteball airdrop
https://steem-byteball.org/#QLOPGPP4MYKOJRY5ZEDBO4TN5J5WHSJO

Thank you. Keep supporting :)

Nice technical analysis
Thanks for the info
Keep it up 👍

Thanks dude

@resteemator is a new bot casting votes for its followers. Follow @resteemator and vote this comment to increase your chance to be voted in the future!