When BTC price can stand above $19,000 and how long would it stay?

 2020-12-08 09:45:57

From the 1-hour chart, the Bollinger Band began to shrink, and the K line is running in the lower orbit of the Bollinger channel. The MACD long energy column is gradually shrinking, and the KD line continues to slide downward.


From the 4-hour chart, the opening of the Bollinger Bands have begun to shrink and have an upward trend; K-line is running in the middle orbit of Bollinger Bands, and the MACD long energy column is gradually shrinking. In the short term, it is still in a bullish trend, and price fluctuations should not big.


Action suggestions:

Fall back near $18,600-18700, enter the market with buy/up orders, the target position is $ 18,900-19,000 , stop loss 100 points

Rebound near $19,300-19,400, enter the market with sell/down orders, the target position is $19,100-19,200, stop loss 100 points


Tips: Quotes are time-sensitive, and please pay attention to take good risk control and make good use of "Take profit" and "Stop loss".

The technical analysis of cryptocurrencies in real time should be taken for informational purposes only, and in no case should it be taken as an investment signal.

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