BITCOIN Analysis for May 8, 2018
May 8, 2018 4:22 pmVideo
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- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
Bitcoin is currently residing at the edge of $9,000 price area after an impulsive bearish pressure today as expected. The price has been in a bearish momentum since it bounced off the $10,000 price area after being under non-volatile bullish pressure since it broke above $6,500 with a daily close. Though not only Bitcoin but all cryptocurrencies have fallen in value since the start of the week that is currently speculated as a form of retracement before pushing higher in the future. The bullish sentiment is quite strong now. BTC is expected to wait in the support area of $9,000 to start pushing the price higher, aiming to break above $10,000 price area and approach $11,500 in the future. As for the current scenario, the price is expected to consolidate above $8,500 area. With certain bearish rejections along the way with confluence to the dynamic levels of 20 EMA, Tenkan and Kijun line, the price is expected to show further bullish pressure in the coming days.
The material has been provided by InstaForex Company – www.instaforex.com
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