His steemian friends
good morning to All--
Bulls gaining power over bears after huge bloodbath selling off cryptocurrency market is flashing back with greens signl.
After huge selling of and bitcoin downed -6.36% level following major downturn happens, now bulls are wining over bears a little bit. This is positive indication on crypto market also. After 24hrs from Wednesday trading market gaining near about $10.90 billion on a within in 24 hrs.
If we see the chart in daily we can see that , both Hammer and Inverted hammer is formed on Tues day and Wednesday trading session. which is clearly indication of market will be bounce back. but before bounce back it can do two things.
- It can consolidate here few more times
- It might create a Bear trap again
lets have a looks on charts---
If we can see the hourly chart we see as of now Bitcoin maintaining hourly trending which is ascending right now.
iF WE CAN SEE THE YESTERDAY - 15-08-2018OHLC DATA
WE CAN THAT
OPEN= 6195
HIGH=6636
LOW= 6189
CLOSE=6289.01
So we can see that it is just touched where it fell from....
lets have a look another chart.... which will clear everything...
As bitcoin have largest crypto coin market capitalization.... and average trading price is $6334 nowadays , when it touched at low $5900 level it we have seen speedy recovery or bounce back to 6600$ level within 24hrs ...
As of now Can we expect bull will pullback from these level ?? if such thing happen will it cross it vital resistance level $6520- $6615.6 level which is heavy resistance level.??
will it touch ate last $8,500 level or higher ?? if 50-day SMA and try to sustain above $6,650 level??? It is big question now arising in front of us.. please do share your valuable feedback and comments what will be next step if bitcoin not able to sustain above $6650 level , what Impact will be there??
So we are waiting for your value able comments.............
