Bitcoin (BTC / USD) Bitcoin Price will go Up or Down, it all depends on a candle

Many wonder Bitcoin will go up or down?

Today I bring you a simple analysis of the weekly candle

Let's see

Analyzing the weekly candles we see that the previous candle has closed below the 200-period line (bearish indication)

This week the price is below the 200 period line

Upward

• You should finish the weekly candle above the 200-period weekly line, leaving a large wick of the candle below.

In the next week, it could confirm with a rebound to the 200-period average and continue to rise

Down

• Closing below could confirm that the bearish market could last for a few weeks in principle.

What do you think?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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