empty
 
 
08.08.2019 03:30 PM
BTC 08.08.2019 - Sideywas movement with potential new wave up

Industry news:

For the first time ever, Bitcoin's hash rate has topped 80 Exahashes per second. According to Bitinfocharts.com network hash rate hit 80.249 EH/s yesterday. The latest milestone has not gone unnoticed on crypto twitter.

In simple terms the hash rate is the speed at which computers on the Bitcoin network operate. The higher the number, the better it is for miners, as the chances of completing the mathematical problem to solve the block and collect the resultant block reward is increased. These measurement records the number of hashes per second Bitcoin miners are performing on the network.

Daily view:

This image is no longer relevant

Based on the daily time-frame, I found that today BTCis trading sideways between the price of $12.311 and $11.172. Anyway, the underlying trend is bullish and I would watch only for long positions. MACD oscillator is showing the new momentum up, which is good sign for further upside continuation.

Important levels to watch based on daily view:

Resistance levels:

$12.300

$12.850

$13.118

Support levels:

$11.172

$11.000

4H time-frame view:

This image is no longer relevant

Based on the 4H time-frame, I found that BTC is trading in alignment with the upward trendline, which is good sign for further upside continuation. Additionally, there is the Bull cross on the MACD oscillator, which is another sign of the strength on BTC. Watch for buying opportunities with the upward targets at $12.850 and $13.00.

Petar Jacimovic,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $5000 अधिक!
    में नवंबर हम आकर्षित करते हैं $5000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback