Bitcoin Update; September, October, November & December 2019


 

Bitcoin (BTCUSD)

 

As suggested in our last cryptocurrency analysis, bitcoin found support and then became bullish. Price struggled to swing higher though and has since formed a lower swing high and is now ranging between 9385-12000, signalling weakening upside momentum. The moving averages continue to be bullish and widen, suggesting that bitcoin may attempt another bullish move higher.

Trading opportunities could exist around the support and resistance areas of the range and if price moves out of the range (break-out trade). Buying opportunities could exist around the dynamic support of the moving averages and around the horizontal levels at 8355 and 6110. A bullish move may be rejected or reverse around the diagonal resistance areas and around the horizontal resistance levels at 12000 and 12865.

 

Ethereum (ETHUSD)

 

Price continues to be indecisive and range between 81 and 361. The moving averages confirm the market indecision – they are tightening and are moving sideways.

Trading opportunities could exist around the support and resistance areas of the range and and if Ethereum closes out of the range (break-out trade).

 

Ripple (XRPUSD)

 

As suggested in our last cryptocurrency analysis, ripple has been finding support around 0.25. Price continues to be indecisive and range between 0.25 and 0.58. The moving averages are tight and moving sideways – confirming the market indecision.

Trading opportunities may exist around the support and resistance areas of the range and if XRPUSD closes out of the range (break-out trade).

 

Start trading today with Triumph’s Forex MT4 trading platform – https://www.tfxi.com/ 

Thanks a lot for sharing this with all of us you really recognize what you’re talking approximately!
Bookmarked. Kindly additionally consult with my site =).
We will have a link alternate agreement among us

My spouse and I stumbled over here coming from a different web address and
thought I might check things out. I like what I see so now i am following you.

Look forward to going over your web page yet again.

Its like you read my mind! You seem to grasp so much approximately this, like you wrote the ebook
in it or something. I think that you can do with some % to drive
the message house a little bit, however other than that, this is magnificent blog.
A fantastic read. I will certainly be back.

Greetings, There’s no doubt that your web site might be
having browser compatibility issues. Whenever I take a look at your website in Safari, it looks fine however,
when opening in IE, it’s got some overlapping issues.
I merely wanted to give you a quick heads up! Other than that,
wonderful website!

I’m really impressed together with your writing skills and also with the layout for your weblog.

Is that this a paid theme or did you customize it
your self? Anyway stay up the excellent quality writing, it is rare to look a great weblog like this one today..

Excellent pieces. Keep posting such kind of info on your page.
Im really impressed by your blog.
Hello there, You have done an excellent job. I’ll certainly digg it and for
my part suggest to my friends. I am confident they will be benefited from this website.

7 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *