btc
Yesterday, in the first half of the day, there was a tough fight between the market participants for the level of 10,000.00 USD. For some time, sellers managed to pass through the psychological line and set a minimum at the point of 9614.08 USD. The strength of the bearish momentum was not enough to prove the support of 38.2% fibo (9441.98 USD).
In the second half of the day, buyers took the initiative and restored the price above ten thousand in dispute, and then achieved a point of support above the EMA55 (in the area of 10,700.00 USD). At night, the recovery continued: the bulls pierced the resistance of 11250.00 USD and tested 50% of fibo (11394.14 USD). In the morning, recovery at this level slowed down.
We believe that the second attempt to exceed fifty percent of the Fibonacci level will succeed. Today, the recovery can reach the lower limit of the orange corridor 11780.00 USD.
Does this mean that the correction of the last annual maximum has ended? On the one hand, the price became a recovery very close to the expected minimum. This may indicate reaching the target level. On the other hand, the absence of long-term consolidation is alarming. To confirm a reversal to the continuation of a bull run, it would be good to avoid lowering the BTC price of the orange resistance area.
Ayer por la mañana los osos hicieron retroceder el precio para soportar 270.00 USD. El mínimo diario se establece en 271.03 USD. A partir de este punto, los compradores intentaron restablecer el precio y aumentaron el volumen de compras durante el día.
Fue muy difícil superar la resistencia del reloj EMA55. Pero el enfrentamiento de ocho horas terminó con un descanso nocturno a través del nivel de precios promedio. Los compradores se acercaron al giro psicológico de 300.00 USD.
El escenario de ayer sigue vigente: si los toros reciben apoyo en el nivel de 300.00 USD, entonces es posible volver a realizar la prueba de resistencia de 320.00 USD y continuar la carrera alcista. Si no se puede superar el nivel psicológico de trescientos dólares, se repetirá una reversión al soporte naranja de 270.00 USD.
Congratulations @jonjrobitcoin! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!