BitCoin(BTC) Weekly Chart Analysis (3/11)

in #bitcoin7 years ago (edited)

1.JPG

Bit Coin Weekly Chart Analysis

Let's analyze the bit coin with the weekly price change chart, which is a long-term trend. With the start of the decline in December, the weekly price 5-day line began to decline and continued to fall for a month.

It will also determine whether or not the weekly 5-day price starts to decline.

2.jpg

I see two cases.
One case is to take a bottom at 8k and turn up, recovering 15k at the end of the year.
The two cases are the scenarios in which the price drops for 4 weeks as in Dec of last December, and 4k is taken and the price changes again.

Currently, there is a strong downward trend because of the lack of volume.

by Team Rich

KakaoTalk_20180219_005819394.jpg

Sort:  

For future viewers: price of bitcoin at the moment of posting is 9250.00USD

From a short-term point of view, the price is likely to be right. thank u