BitCoin
Dear All,
Now Bitcoin is in all sell trend in weekly chart. Currect price is 7925 USD.
My research on Bitcoin is followed. Based on fibonacci retracement Gold Ratio for Bitcoin is nearly 7000USD. RSI is falling but it is not in the oversold zone. Moving average 20 crossed downwards moving average 50 recently. This will make sell trend for a while. So there is a opportunity for selling now (few days or week). But investment in bitcoin is good idea once bitcoin reach the Gold Ratio from that the price might raise. Investors should wait now till the price reach oversold zone in RSI and price near 7200 USD.
Note: This is my view on Bitcoin kindly do your own analysis before entry into any position.
Thanks&Regards,
Ganesh
Market GM
Now Bitcoin is in all sell trend in weekly chart. Currect price is 7925 USD.
My research on Bitcoin is followed. Based on fibonacci retracement Gold Ratio for Bitcoin is nearly 7000USD. RSI is falling but it is not in the oversold zone. Moving average 20 crossed downwards moving average 50 recently. This will make sell trend for a while. So there is a opportunity for selling now (few days or week). But investment in bitcoin is good idea once bitcoin reach the Gold Ratio from that the price might raise. Investors should wait now till the price reach oversold zone in RSI and price near 7200 USD.
Note: This is my view on Bitcoin kindly do your own analysis before entry into any position.
Thanks&Regards,
Ganesh
Market GM
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