The Bitcoin Rate Has Set New Annual Lows

Technical indicators:
  • Market Cap, billion: $75,06
  • % chg. over the week: -23,06
  • % chg. over the year: -48,59
  • 52 wk range: 4.048,6 – 19.666

There are aggressive sales in the "digital currency" market. Over the past week, the drop in the BTC/USD quotes exceeded 20%. The capitalization of Bitcoin fell to $75 billion. The cryptocurrency has set new annual lows. Let’s consider the current news feed.

According to FCA executive director of strategy and competition, Christopher Woolard, the Financial Conduct Authority (FCA) considers a ban on the sale of certain types of cryptocurrency derivatives, including CFDs, options, futures, to retail investors.

Today, the BTC/USD quotes are testing a mark of $4,400 at Bitstamp.

Current technical pattern on BTC/USD
  • Support levels: 4200.00, 4000.00
  • Resistance levels: 4700.00, 5000.00, 5400.00
BTC/USD

The Bitcoin rate continues to show negative dynamics. At the moment, the BTC/USD quotes are consolidating. The key support and resistance levels are 4200.00 and 4700.00, respectively. Indicator signals are different:

- The price has fixed below 50 MA and 200 MA;
- MACD has started to rise.

We recommend opening positions from the key levels.

Trading recommendations

If the price fixes below the support level of 4200.00, a further fall in the BTC/USD quotes is expected. The movement is tending to 4000.00-3800.00.

Alternative option. If the price fixes above 4700.00, a correction movement is expected. The immediate goal for profit taking is a round level of 5000.00.

When following the positions, one should use a trailing stop.

by JustForex, 2018.11.23

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios
Últimos artículos
Todos los artículos
Declaración de Política Monetaria: Lo que necesitas saber
Casi todos los meses, en el calendario económico, los traders pueden ver eventos como las actas de las reuniones de política monetaria. Como regla general, durante la publicación de este protocolo, la volatilidad aumenta bruscamente. Averigüemos qué es este protocolo y si es posible ganar dinero con él.
Leer más