A Return to Bearish Price Movements for Bitcoin [BTC]

2018-11-30 17:14

Bitcoin has returned below the $4000 mark on most exchanges after bullish movements which brought the price to an intraday high around $4400 yesterday. Yesterday’s daily candle formed a Doji. A Doji is a candle where the open is around the same point as the close and typically shows indecision from traders. Traders were likely cautious to take long positions after the extremely bearish movements we had been seeing recently.

Altcoins are following the market leader Bitcoin today with the vast majority recording significant losses. A close below $4000 would likely be a bearish sign for the markets and may spark another sharp sell-off. The one bullish factor to be noted today is that the drop is not taking place on large amounts of volume which could indicate that traders are unsure of this drop and may drive the price back up from here. Support does seem to be coming into play at $4000. Price dropped to approximately $3870 but has since started to retrace back up.

Bitcoin Daily Chart – Source: Tradingview.com

The hourly chart shows the price drop in closer detail. The price was trading around the hourly 50 EMA around $4150. It then proceeded to drop to its intraday low over the space of just a few hours and subsequently begin to bounce back up. The bounce is on significant volume and has a strong possibility of bringing the price back above $4000.

Bitcoin Hourly Chart – Source: Tradingview.com Key Takeaways: Markets return to bearish conditions as market leader Bitcoin returns back below $4000. Yesterday’s candle formed a Doji reflecting the uncertainty from traders. Traders were likely considering the possibility of a bearish movement like the one being seen today. An intraday low formed around $3870 but price bounced from this point. Today’s drop is on lower amounts of volume, and there is a strong possibility that traders may drive the price back up above $4000 from here. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

A Return to Bearish Price Movements for Bitcoin [BTC] was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67015.05 (+0.14%)
Объем 24H $22.33b
Изменеия 24h: 0.30 %, 7d: 6.69 %
Cегодня L: $66031.14 - H: $67263.11
Капитализация $1320.258b Rank 1
Цена в час новости $ 4007.5 (1572.24%)

bitcoin movements price candle return around traders

Источник: blokt.com

bitcoin movements → Результатов: 113


Twitter ‘Likes’ Bitcoin As Sentiment Moons: Clear Skies Ahead?

Bitcoin prices are partially set at the watercooler. Since most cryptocurrencies have yet to reach meaningful adoption, market movements depend on the whims of the investing public. Questions like “do most people expect Bitcoin to crash?” have more weight for short-term movements than the technical specifications of PoW mining or the Lightning Network.

2019-5-3 22:28


Factom [FCT] Price Surges Over 100% Despite Bearish Crypto Market, Relists on Coincheck

Despite extremely bearish movements across the market, Factom has been holding its value and undergoing a recent surge. The cryptocurrency which focuses on using blockchain technology to build data integrity and trust systems had been holding support solidly around $4 despite the rest of the market sharply declining.

2018-11-26 19:13


Dogecoin [Doge] Bounces After Steep Decline

Doge has bounced today after being in a downward spiral for the past week. Doge is one of the few coins which is making significant movements today while the rest of the market is stagnating. The decline it has recently been experiencing seems to be a correction after the sharp spike in price which took […] Dogecoin [Doge] Bounces After Steep Decline was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-26 18:09


Ripple’s Digital Currency XRP Forms Lower High! Set to Return to Downside?

While the market leader Bitcoin has returned to consolidation with low volume trading, the third largest cryptocurrency by market capitalization has been making some significant movements. Ripple’s digital currency had been on a downward spiral since a bearish divergence occurred between price and RSI at the start of October.

2018-10-18 18:44


дальше еще 64 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.