Bitcoin analysis July 12, 2017

in #btc7 years ago

Welcome to this short but very informative publication, where you will find a brief analysis of the main cryptocurrency

So without further ado we are going to analyze

Here we can see the graph of the BTC in temporalities of a day, image taken from the page of Investing.com in which we can observe how a sort of triangle with support has formed in around 2408 USD

In the following image we can see how the price pierced this support with a very decisive closing

We can also appreciate a pullback that returns the price back to that support, but no closure is seen above so we could not rule out even a break of supports, if this break is valid we could expect the price to go down even to its Last support around 2083 USD

Another argument to determine the price drop of the BTC would be that an old resistance was also drilled

On the other hand we could say that there was a change of movement and if the price comes to break the trend line down as shown in the following chart we would look for earnings in the 2619 USD

The information presented here should not be considered as sufficient argument for decision making, the author of this publication is not responsible for any losses or profits.

It is left to the reader's discretion whatever decision he can make.

Thanks for your time.

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I wouldn't buy. See my prediction on Bitcoin...the mac daddy driver of all crypto:
https://steemit.com/bitcoin/@southerncrusher/been-very-busy-sorry-for-not-posting-until-now

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