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Success The Review of Cryto

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#1
* Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat.
* Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop.
* BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500.
* A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time.
Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000.
The top cryptocurrency picked up a bid near $7,500 on Oct. 25 and jumped to $10,350 on the following day, according to Bitstamp data. The breakout into five figures, however, was short-lived, as prices quickly fell back below $10,000 on Oct. 28 and have remained largely trapped in a narrow range of $9,600–$9,000 since.
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#2
(11-08-2019 11:17 AM)Kraeon Wrote: * Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat.
* Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop.
* BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500.
* A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time.
Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000.
The top cryptocurrency picked up a bid near $7,500 on Oct. 25 and jumped to $10,350 on the following day, according to Bitstamp data. The breakout into five figures, however, was short-lived, as prices quickly fell back below $10,000 on Oct. 28 and have remained largely trapped in a narrow range of $9,600–$9,000 since.
Reply


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