Bitcoin on the way down - H4

Sunday, March 22, 2020 9:11 PM

Based on the fork analysis, one can imagine the bitcoin trend falling. He expected that bitcoin's further decline would be unexpected given the issues surrounding the spread of the Corona virus and its spread to European and East Asian countries. According to this analysis, bitcoin prices can fall as low as $ 4500 and $ 3700.

The most important bitcoin resistance support lines are as follows:

S1 : 5937.6

S2 : 5865.3

S3 : 5774.5

Pivot Points : 6028.4

R1 : 6100.5

R2 : 6190.3

R3 : 6263.0

Bitcoin Technical Analysis:

Indicator Analysis:

Up Signal:

MACD(12,26)

Descending signal:

STOCH(9,6)

ADX(14)

CCI(14)

Highs/Lows(14)

Ultimate Oscillator

ROC

Bull/Bear Power(13)

Moving Averages:

Up Signal:

MA 50

Descending signal:

MA 5

MA 10

MA 20

MA 100

MA 200