Mid-day daily closing in today’s Bitcoin price lists carries more weight than usual New Year’s Eve night closes the last day of the calendar year and the annual candle of the crypto entity.If the leading crypto asset is closing at current prices around $ 7,250, according to market value, the annual candle will close with the largest record in the record, clearly showing the failed parabolic rally in mid-2019.Bitcoin Price Table: Annual Candle Closing Tonight Bitcoin price graphs can be viewed in multiple time frames, most importantly given to the largest and longest time frames.Crypto traders and analysts usually pay special attention to daily, weekly or monthly price charts to gain a better understanding of the market and the ongoing trend.Related Resources | Past Performance Shows Bitcoin History High Can Be Below Real Bear Market Although annual price charts are not used as other longer periods of time, they can help look at the larger overall picture.A crypto analyst shared an annual Bitcoin price graph on Twitter and invited others from the community to do their best and predicted what the annual candlelight means for the crypto presence and what is expected for the next year’s closing.The annual candle closes very soon and we are now sitting…
Not the most beautiful thing, absolutely.If you had to guess, what color would the next yearly candle be? pic.twitter.com/g5proierq4
– TraderKoz (@TraderKoz) December 30, 2019 The candle itself shows an unsuccessful rally in the form of a large wick, which has stopped the previous year’s resistance while it is green.
The roving is also the largest recorded price of Bitcoin in annual candles, since the peak of 2017 has a range of $ 6,000 from the roving peak to the candle body, whereas this year, from the current price of $ 7,250 to $ 14,000 – $ 6,750.What Does This Year’s Candle Closure Tell Crypto Analysts? Analysts are responding to this year’s candlestick in 2017, which is expected to turn red below 50% of the 2017 candlestick.What makes me red:
– 2017 closer than 50% of the body of the candle-2019 candle closes in the lower / middle third of the range
What makes me think green:
– Equal abortions for 2018 and 2019
My guess is… ..red 😬
– Jamie Holmes (Holmes1991Jamie) December 30, 2019 For the 2020 to close in red, the Bitcoin price should be lower than the price closes when it hits 7:00 ET tonight.
The one-year downtrend or downtrend is likely to be too much for many crypto traders who hold two full years of bear market.Weak bulls and bears.I hope they’re ready for it.
Next year we will lose too many traders.
pic.twitter.com/wew5vpy0tv
–– Sean Nance (@TheSeanNance) ‘s photos by Instagram Accont December 30, 2019 Others say, however, that next year’s candle will turn green and Bitcoin will fill the wick of 2019 with constant price movement until it finally reaches a new peak.Related Resources | Here are the Best Investments of the Decade While many crypto investors are already thinking about 2020, the Bitcoin price needs to close its daily candle tonight to put it in the history books of 2019 and focus on a new year or trade.Featured image from Shutterstock .