The popularity of cryptocurrencies has been unflagging in recent weeks, the entire market is worth over USD 700 billion. In daily analyses, we will look at the most popular currencies and you can use the opportunities that occur by trading on the Polish BitBay exchange.
Bitcoin
Last time when I was interested in the main cryptocurrency was when the price fluctuated around 16,000 to face the 61.8% of Fibonacci’s correction, this failed the first time, but no more than two days ago the second attempt was more successful.However, looking at the structure of the daily chart, a Gartley harmonic formation is formed with a response point in the zone of 17000-17500 dollars. Attention should also be paid to the equality of segments AB = DC, therefore I would consider a return to the vicinity of point D as a good moment to sell BTC. On the other hand, however, one might see the double bottom in the region of 12k dollars, the key moment in both scenarios is point D and point C as the target for shorts.
A review of events and analyzes from the world of cryptocurrencies is made in cooperation with the Polish BitBay stock exchange offering free accounts for trading on digital currencies. Acquaint yourself with the BitBay offer and start trading on BTC andaltcoins now.
