BITCOIN Analysis for December 4, 2018 888011000 110888 Bitcoin has actually been quite impulsive amidst the recent bullish momentum after a decrease towards $3,700. The price is currently residing above $4,000 and inside the Kumo Cloud resistance below 200 EMA, whereas the vibrant levels such as 20 EMA, Tenkan, and Kijun line are supporting the rate for a more climb. The Chikou Span has actually broken above the rate line. MACD having no signs of Bearish Divergence shows that there are more opportunities of cost pressing greater towards $4,250. More bullish pressure might be observed if it manages to break above it with a daily close. On the other hand, if the price stays listed below the 200 EMA and Kumo Cloud resistance, more bearish pressure can be seen in the future. As the rate stays below $4,250, the bearish bias is expected to continue.SUPPORT: 3,500, 3,700 RESISTANCE: 4,250, 4,500, 5,000BIAS: BEARISHMOMENTUM: VOLATILE The product has actually been supplied by InstaForex

By | December 4, 2018

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