Crypto Continue to Fall March 27 2018

  • S&P 500

  • Dow 30

  • Nasdaq

  • Russell 2000

  • Crude Oil

  • Gold

  • Silver

  • EUR/USD

  • 10-Yr Bond

  • GBP/USD

  • USD/JPY

  • BTC-USD

  • CMC Crypto 200

  • FTSE 100

  • Nikkei 225

Bitcoin Price Forecast March 28, 2018, Technical Analysis

The BTC prices consolidate below $7000

BTC/USD

Bitcoin fell a bit during the trading session on Tuesday, reaching down towards the 7900 level. The market looks as if it has support down to about $7000, and I think that if we do fall from here, it should slow down a bit. Looking at the charts, it seems as if we are trying to bounce a little bit, but I think the $9000 level above will cause a significant amount of resistance, so therefore if we do rally, I'll be looking for an opportunity to go short at the first signs of trouble. Otherwise, if we break down below the bottom of the range for the session on Tuesday, the market probably goes down to the $7000 level. A breakdown below there, the market unwinds significantly.

Get Into Bitcoin Trading Today

BTC/JPY

Bitcoin also fell against the Japanese yen as per usual, dropping down towards the ¥800,000 level. If we can break down below there, the market is likely to continue to go lower, perhaps reaching down to the ¥650,000 level. I think that the market will continue to be very negative overall, and when I look at the charts, I can see a clear resistance barrier near the ¥1 million level, that extends to the ¥1.1 million level. If we break down below the ¥800,000 level, the market probably will pick up even more bearish pressure, and a breakdown below the ¥650,000 level would send this market much lower, probably to ¥500,000 before it's all said and done. At this point, I don't see any opportunity for buying.

BTC/USD Video 28.03.18

Buy & Sell Bitcoin Instantly

This article was originally posted on FX Empire

More From FXEMPIRE:

  • 15 Must-Do Tips to Read ICO Whitepaper

  • S&P 500; US Indexes Fundamental Daily Forecast – Continue to Expect Elevated Volatility

  • Daily Market Forecast, March 28, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

  • Bitcoin Cash, Litecoin and Ripple Daily Analysis – 28/03/18

  • Alt Coins Price Forecast March 28, 2018, Technical Analysis

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Conflicting Trade War News Could Cause Two-Sided Trade

sisleypratch.blogspot.com

Source: https://finance.yahoo.com/news/bitcoin-price-forecast-march-28-033302002.html

0 Response to "Crypto Continue to Fall March 27 2018"

Post a Comment

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel