Bitcoin overbought august
way. The post Bitcoin Overbought appeared first on Live Trading News. The market will stay bearish unless buyers will step in (and create green volume candles). Hauges technical reasoning paints a decidedly more conservative picture than many sources from within the cryptocurrency industry. The volume of buyers is still a lot lower than the sellers volume levels. Too Soon To Call?
Make sure youre ready to make your move when the time is right. Open High Low Close Volume_ 4,115.246 4,115.246 4,115.246 4,115.246 0 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish.
Bitcoin Overbought Acctrel Markets
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Be the first to know bitcoin bill gates germ about our price analysis, crypto news and trading tips: Follow. The Wild West days of crypto are really turning the corner, Chicago-based investment lead Bobby Cho forecast. Volume was -0 below average (neutral) and Bollinger Bands were 162 wider than normal. The number of unique addresses using the network, hash rate, and total transaction numbers are all up on previous readings while prices remain down he summarizes. Others are eagerly awaiting an end-of-year rush for Bitcoin, claiming prices could still expand considerably. As, bitcoinist also reports today, commentaries remain mixed on the concept, while financial sources in the US are already telling mainstream media that institutional money is entering through less conspicuous routes.
Bitcoin is probably still overpriced, but the fundamentals are steadily improving while the average price of Bitcoin has continued to fall, he wrote concluding the findings. September, for example, saw investor Mike Novogratz publicly call a bottom for BTC/USD, a prediction which it has yet to test based on prices at the time. The Bitcoin price bottom is near, but the largest cryptocurrency still shows signs of being overbought, new research released October 1 claims. Telegram or subscribe to our weekly newsletter.
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