Bitcoin Chart Analysis March.11

1 min


Simply a fast BTC rate upgrade: The possible motion we anticipated on Friday had actually happened properly. Bitcoin evaluated the long-lasting coming down line, was not successful to break it up, and from there we have actually suffered a serious drop in 12 hours, losing $1,000 from its worth, to check once again the assistance at $8,400
From here, the bull situation is that we had a double bottom, forming a “ W ” kind, whereas on breaking the $9,500 will send us approximately $10,300 and $10,800 resistance levels.
The most likely situation now, is the bear one: Bitcoin breaks down the $8,400 assistance and from there the method to check the $7,800-$ 8,000 assistance location is quite close. As we can see, the decreases are followed by greater volume than the slopes, which shows that the sellers are more powerful than the purchasers.

BTC/USD BitFinex 4 Hours chart

BTC Mar 11

 

The post Bitcoin Chart Analysis March.11 appeared initially on CryptoPotato.

Sending
User Review
0 (0 votes)

Like it? Share with your friends!

What's Your Reaction?

hate hate
304
hate
Angry Angry
1368
Angry
confused confused
760
confused
Fail Fail
1064
Fail
fun fun
456
fun
Geeky Geeky
912
Geeky
Lol Lol
760
Lol
OMG OMG
456
OMG
Win Win
304
Win
WTF WTF
152
WTF

Comments

comments

Nikolai

Nikolai is a Canadian writer currently living in Singapore. His started writing on Blockchian and bitcoin since 2017, he do Reviews and Analysis on Coins, ICOs. He holds a Master in Business Management and have keen interest in Computer Since, Blockchain and love to write on latest trends in Blockchain space.

We would like to keep you updated with special notifications.

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format