Today we wanna show you our view of and situation on the market. We move inside the , we just reached the price of $7280 and it is a good support and at this point several indicators intersect: 1. 61.8% fibonacci level; 2. support line; 3. Diagonal support line formed by 4 points. I think we will continue to move inside this and even a possible false break up this . Soon we will talk about the New Year rally, which is likely to be in the black triangle in the range $6800-8400. Now you can observe the intersection of the two main MA 200 and 50 - and this is called death cross - a signal for falling. BTC/USD falling wedge Falling wedge wedge wedge After that we will break the line of support - the black line. Most likely we will continue to move down to the zone of the largest volumes of $6600-6200 where you will see a flat, and there is even a chance that we will break this strong level down, and this will cause panic in the market, after that we will find support and this will be a good entry point to the market I showed this area with a yellow box. The second option and it is more optimal - if we move up from the black triangle and the zone $6800-8400 will be the accumulation zone. A good signal for us would be breaking $9200. Until this time, the dominance of will decrease, we're waiting for domination in the region of 60-58% . Bitcoin Many "crypto traders" will see the opportunity to increase their number of by trading second-class altcoins in pair with that are so at the bottom. But be aware that the altoin market is dangerous for long-term investment, only short-term speculation. If you are a beginner stay away from them. bitcoins bitcoins This analysis is done with the help of , #1 team of analytics on Trading View. EXCAVO

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Quick Analysis of the Current BTC Market [Oct 24,19]

Quick Analysis of the Current BTC Market [Oct 24,19]

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