Sirwin
Sirwin
BTC

Crypto | Can We Still Have Upside for the Rest of the Year | 26 Oct

By Joao16 | Crypto405 | 26 Oct 2022


For more content like this tip me if you can! thank u :)


 

Chart Analysis

Looking at the charts we can clearly see that Bitcoin had a massive downtrend since Nov 2021, going from almost 70K to 17K which was a surprise for some people like me that did not expect bitcoin to break 30K in the summer.

From where I am standing bitcoin had a harsh winter and that could mean bitcoin could have a nice bull market until the end of the year, I don't really think bitcoin will start another BIG Bull Market but I think it will go up until the end of the year.

 

5e2af1fdc4165094c58fb7574de8f767fc01198e2bd56c2a9c6147144d07e4a4.png

 

Looking at the chart again, Bitcoin has been holding pretty well at the 19K support, a very important support that is squezzing the price against the EMA56, basically in the next couple of days bitcoin will break EMA56 and turn it into a support or reject the breaking and go to 15K which i don't really think it will happen because every indicator is looking nice for upside, for example:

  • We have been experiencing Big Volumes since September

  • We have been trying to make 50 the support in the RSI  

 

This new and short analysis is my way of saying "I'm Back", I really hope this time i can manage to post daily chart analysis again. If you guys support me it would help me getting motivation to write for this incredible platform again. Thank you All!

How do you rate this article?

6


Joao16
Joao16

A simple guy that writes about everything


Crypto405
Crypto405

This blog is only about crypto.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.