Future Price Objective of Bitcoin Crypto-Currency: XBT/USD: In this post, we have highlighted the possible future price movement of Bitcoin Crypto-Currency (XBT/USD) with the help of our Technical Analysis as shown below. The chart shown here is a daily time frame chart of the Bitcoin Crypto-Currency (XBT/USD) pair.
After going through this Bitcoin Crypto-Currency (XBT/USD) Technical Analysis, you will be in a position to understand the following:
- Why Price of Bitcoin Crypto-Currency (XBT/USD) is doing what it is doing as of now,
- What are the specific support and resistance levels for Bitcoin Crypto-Currency (XBT/USD) we are illustrating here according to our current observation,
- What Price of Bitcoin Crypto-Currency (XBT/USD) can do in future if the said Market Structure matures,
- How you can take advantage of Our Technical Analysis for the Bitcoin Crypto-Currency (XBT/USD) Market.
1> Why Price of Bitcoin Crypto-Currency is doing what it is doing as of now: Price of Bitcoin Crypto-Currency at the time of writing this blog post is 6,540. As of now the price of Bitcoin Crypto-Currency is trapped between the resistance line drawn from the swing high of 23rd of September 2018 to the swing high of 4th of October 2018 (below pink line) and the support line drawn from the swing low of 25th of September 2018 to the swing low of 3rd of October 2018 (green line below):
2> What are the specific support, resistance levels for Bitcoin Crypto-Currency we are illustrating here according to our current observation: The long-term trend line support is generated by joining the 2 swing lows of 24th of June 2018 and 29th of June 2018 for Bitcoin Crypto-Currency. Price also has created a secondary medium-term support line drawn by joining the 2 swing lows of 14th of August 2018 and 19th of September 2018 for Bitcoin Crypto-Currency. The long-term trend line resistance is generated by joining the 2 swing highs of 25th of July 2018 and 28th of September 2018 for Bitcoin Crypto-Currency as shown below:
3> What Price of Bitcoin Crypto-Currency can do in future if the said Market Structure matures: Now if the close of Bitcoin Crypto-Currency is staying above or below the said 2 support and 2 resistance lines then there is a possibility of a price move up or down respectively.
4> How you can take advantage of Our Technical Analysis for the Bitcoin Crypto-Currency Market: To technically identify the next possible price objective for Bitcoin Crypto-Currency in the Professional way so that it will be easier for you to Trade Bitcoin Crypto-Currency pair in future from the current level and to find out the answers to all your Trading related queries, please contact us at 03 9566 7275 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
Now you can learn how to trade Bitcoin Crypto-Currency with us to explore the possibility of earning passive income keeping your day job.
Our Proprietary Crypto-Currency Trading Strategy will guide you through every step of your trading in Bitcoin Crypto-Currency and explore the possibility of earning extra income. Learn what all other Crypto-Currency Pairs we are Trading in our Crypto-Currency Trading Asset Class. Develop yourself as a professional trader capable of capturing second income in the future with us.
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