bitcoin is preparing for the spring rally. Daily bitcoin exchange rate forecast and cryptocurrency market analysis as of March 19, 2019
What we have on the cryptocurrency market today on 19.02.19 news for 24 hours. As for the market of cryptocurrency, out of the top we have a growing XLM, practically it is not surprising. Regarding bitcoin, we now see a slight decline. The damping of the movement. We see the ladder, when bitcoin slowly goes down. This suggests that there is no strength in the buyers and the seller can decide to throw it all off. But I think that is unlikely, it is not advisable. Here you can make sharp fluctuations up or down to knock out passengers, knock people out of position and then let it all up. I am still waiting for this moment and I said yesterday that this movement is still in force. My opinion is we should wait for price reduction to $ 4,000 and there has to consider the position than now as the flattery it is not clear where. The volatility decreases, movement also decreases and flattery in here is big risks. Bitcoin is now very difficult to earn volatility is low it is almost there. It is very risky to open margin positions. We have 3 months of lateral movement, stagnation from the level of 3400 and 3 months of bitcoin in the lateral movement. What it says-it says that we have fired another cryptocurrency Altcoins and this suggests that Altcoins can earn more than bitcoin. It should be understood that such volatility, which was normal here, we have a narrow corridor of 3400-4300 so if you look at the monthly chart, we should bounce to the level of 4300-4400 dollars to a maximum of 4800-5000 dollars of one candle. The tendency of bitcoin to walk for 200-300 dollars at a time. Then continued decline. It's sad when it goes down. But I see in this positive moment if now I can buy 1 bitcoin, then when it falls to 2200-2400 I can buy for the same money 2 bitcoin. And I believe that in the future he necessarily goes on upward. Now there is such a news background that there is a heating of the market.
Zone 4400 is a very difficult resistance zone, which will be very difficult to break and when we get close to it people will not understand what to do next-buy or sell. People have no understanding in this case. But my opinion is that people are too greedy will be attracted to purchase than to fall, but there is already a possible rollover of these people. The main thing is not in a hurry to wait for the direction of the beam market. I do not expect now any Pampa, I expect some decline after all the prices.
The price starts from MA100 again testing 4000 dollars. Here is a small short-term resistance, however, globally on course is not affected. If in the near future we will still break 4200 on bitcoin, it will be possible to get a good profit on Altcoins, which show an approach to global resistance. On the daily chart.
Just pay attention to the possible reduction of BNB after the Token sale. In the long run, the bubble will deflate.
By the way, the cryptopia exchange resumed trading in 40 trading pairs, which were recognized as safe and they will continue to expand this list with the approval of the security service. My opinion here don't go it might end badly for you. The rays way of storing it is a cold wallet. Also please pay attention on the South Korean stock exchange Bithumb – it reduces 50% the size of its staff, on the grounds that supports the rest of the staff. It hits the reputation of the exchange. If you reduce and dismiss employees, it is not good for the exchange for its prestige.
As for coinmarketcap, he added a rating for projects from 1000 point scale, but sharp price movements are not taken into account. In fact, the price does not affect the rating. In my opinion, this rating can protect inexperienced investors. In fact, it is necessary to analyze the wounds in a complex-technical analysis, fundamental analysis, forecast, news.
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