market capitalization 189,799,470,894.00
circulating supply 17,915,750.00
Crypto-currencies regularly attract many investors and generate sensational profits for other investors.The trick is to know in advance how the course could develop.A graphical analysis can indicate whether existing trends could continue or whether a reversal of the trend could be expected.To be able to do this, one must first name the real facts: The maximum price of the last year was reached on July 10, 2019 and raises to 11,234 euros.Last year, the minimum price took place on December 15th and amounted to € 2,811.Last month, the maximum price was € 10,911 and was reached on August 5th.The minimum price of the last month took place on August 29th, there remained a bitcoin for 8534 €.
These marginal data should already indicate that the price of bitcoin is again much higher than at the end of 2018.
For the last month, it shows the reverse.
While the maximum is already a little longer, the minimum price is still very young.At the moment, the price seems to be going down.To confirm this, you must calculate the momentum.
Where does the impulse go?
If you look at Bitcoin’s graphical history last month and calculate the momentum, it turns out that it can be qualified as negative.This means that the price of bitcoin has dropped, but that the speed of fall has slowed down.
Slowing down a trend could indicate that a reversal of trend could occur.To be able to continue this suspicion, several other factors must first be included in the analysis.
Flags and pennants are symbols that may indicate that a prior trend to the symbol could continue thereafter.Last month, however, you could not see any of these symbols in the chart.However, other formations are recognizable.
From August 19 to 21, a so-called shoulder-head-shoulder training was clearly visible.Analysts, who recognized this in time, have quickly sold their shares, this training generally predicts a fall in prices in the short term.
It is advisable to look for more trainings that could possibly be formed.
The gaps are available in a wide variety of definitions and are often difficult to interpret, particularly in the case of cryptocurrencies, when considered in isolation.However, if deficiencies occur frequently and in the short term, we can often draw conclusions from investors’ changing purchasing behavior.
Source: Variation after coinigy
The gaps are available in a wide variety of definitions and are often difficult to interpret, particularly in the case of cryptocurrencies, when considered in isolation.However, if deficiencies occur frequently and in the short term, we can often draw conclusions from investors’ changing purchasing behavior.
Trend lines are a popular tool because they allow you to visualize the current trend.
It is important to look at different periods.During the last month, the trend line is down.This confirms the calculated momentum.In addition, the smaller the asymmetry, the shorter the period considered.
This also pleads for a slowing down of the fall speed.Is a trend reversal in sight?
Crypto-currencies are often difficult to access with conventional analytical tools, as high volatility is often a problem even for professional analysts.Nevertheless, with the Bitcoin course, we can assume that the surge has had only a break this year.The case last month seems to slow down, which could be interpreted as a sign of a new attack against the bar of 10,000 euros.
You should never rely solely on charts if you are entitled to a full price analysis.
On the contrary, it is still important to include the current stock market news in its valuation.Currently, competition between Bitcoins and Alt Coins continues to make headlines.
Bitcoins are becoming more and more defamed by the growing claims of various other cryptographic currencies.
For investors, this could be a sign of a generally decreasing bitcoin coupling of old coins, as they seem to want to follow their own path.Thus, the flagship Bitcoin in the future should be less important in the evaluation of the Alt Coin courses.Altcoin Land tried to claim its superiority or discredit #Bitcoin , Bitcoin network effects & absolute dominance in thinking, innovation, adoption, liquidity, awareness – all vectors.Poor imitating barbarians hung on a 1000C rocket hull.pic.twitter.com/LJzpdnEh8R
– Bitcoin (@Bitcoin) September 3, 2019
Buy Bitcoin now! Although the reversal of the trend is uncertain, most experts generally agree that cryptocurrencies should be a big part of the future financial world.
Of course, it may be that the price continues to fall for a few weeks, but a reversal of the trend seems to indicate it.If you want to be on the safe side, you should immediately choose a suitable Bitcoin wallet if you do not already have one.
Investors who already own cryptocurrency could benefit from room preservation for now.
It should be noted that the graphical analysis of Kryptoszene.de are only the opinions of the authors and do not constitute a recommendation for purchase.Negotiating shares and crypto-currencies is always risky.Post navigation.
