BITCOIN Analysis for January 7, 2019 888011000 110888 Bitcoin has been quite impulsive with the recent bullish momentum which pushed the cost to live above $4,000 area recently. The rate bounced off the 200 EMA recently while being supported by the dynamic levels of Tenkan, Kijun, and 20 EMA. The rate just recently retested off the $4,000 location with a retracement. The price is now combining above $4,000 location which indicates further bullish pressure in the coming days. The increased thickness of Kumo Cloud listed below the cost line likewise signifies more bullish pressure in the making while being retraced in the process. As the cost stays above $3,500-600 location, the bullish predisposition is anticipated to continue further in the coming days.SUPPORT: 3,500, 3,600, 4,000RESISTANCE: 4,250, 4,500, 5,000BIAS: BULLISHMOMENTUM: VOLATILE The material has actually been supplied by InstaForex

By | January 7, 2019

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