Results 1 to 3 of 3

Thread: Bitcoin (BTC) Daily Price Forecast – August 2

  1. #1
    Join Date
    Jun 2018
    Posts
    41
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0

    Bitcoin (BTC) Daily Price Forecast – August 2

    BTC/USD Medium-term Trend: Bearish

    Resistance levels: $7,700, $7,800, $7,900
    Support levels: $7,500, $7,400, $7,300

    Yesterday, August 1, the Bitcoin price was in a Bearish trend. The bears took price to the low of $7,480.76. Presently Bitcoin price is making a bullish movement from its low. The BTC price is likely be in a sideways trend. However, the MACD line and the signal line are below the zero line which indicates a sell signal.

    Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The relative strength index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.


    BTC/USD Short-term Trend: Bullish

    On the 1-hour chart, the BTC price is in the support level of the market. The BTC price is making a bullish movement. The MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicate that a bullish trend is ongoing.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: https://bitcoinexchangeguide.com


  2. #2
    Join Date
    Jul 2018
    Location
    Malaysia
    Age
    28
    Posts
    7
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0
    i am looking such type of thread which update regular basis.


  3. #3
    Join Date
    Mar 2016
    Posts
    309
    Thanks
    0
    Thanked 1 Time in 1 Post
    Forex Ability & Talent
    0
    Is there any update on BTC for daily analysis?


Thread Information

Users Browsing this Thread

There are currently 2 users browsing this thread. (0 members and 2 guests)

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •