Bitcoin Forum
May 25, 2018, 03:02:23 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin Price Technical Analysis for 11/14/2017 – Short-Term Downtrend, Long-Ter  (Read 82 times)
Sharon520
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 14, 2017, 04:38:38 AM
 #1

Bitcoin Price Key Highlights
Bitcoin price recently broke below a short-term ascending trend line and is pulling up for a retest.
This broken support lines up with the 50% Fibonacci retracement level and could hold as resistance.
If so, bitcoin price could resume its slide to the longer-term ascending trend line around $5000.
Bitcoin price has bounced off a near-term area of interest but the broken short-term trend line is holding as a ceiling at the moment.

https://www.aicoin.com/article/1776.html
1527260543
Hero Member
*
Offline Offline

Posts: 1527260543

View Profile Personal Message (Offline)

Ignore
1527260543
Reply with quote  #2

1527260543
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1527260543
Hero Member
*
Offline Offline

Posts: 1527260543

View Profile Personal Message (Offline)

Ignore
1527260543
Reply with quote  #2

1527260543
Report to moderator
kimamaxgreen
Member
**
Offline Offline

Activity: 118
Merit: 24

Waves Address: 3PBCJjm6eyvPWXXqURSh9emQaFb7dzG8XcC


View Profile WWW
November 14, 2017, 04:43:35 AM
 #2

After the rally from $650 to $2,969.99, the cryptocurrency had taken support at the 50 percent Fibonacci retracement levels. In the second leg of the rally, which carried Bitcoin from $1,752 to $4,975, the correction extended to 61.8 percent Fibonacci retracement levels. The current fall has retraced about 50 percent of the rally from $2,974 to $7,875.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!