Weekly analytics- Technical Analysis Based on Breakout – Still Buying Bitcoin

Buy Bitcoin:Technical Observation:The most obvious thing to buy right now is this crypto currency. For the better parts of this year, Bitcoin has been in a constant up trend and chances of rising higher are highly anticipated. We expect a massive rise towards $40,000.00 by the end of next year or even higher. As it is on the daily chart, I can only recommend buying Bitcoin. If you’ve bought before, then remain long, if not you could wait for a pullback towards $10,000.00. Then buy this cryptocurrency with your sell lines being $15,000.00, $20,000.00 and ultimately $40,000.00. Selling this coin now is not a safe idea whatsoever, only buy positions seems more ideal than the other.Trade Signal:Buy Bitcoin toward $10,000.00.Barclay Banky To plummet Wave Analysis:Barclays back share’s price are still rallying within the the falling channel. Last week, the price gaped to the upper side  but got capped by the upper trend line acting as a resistance to the falling channel. Following the rejection from this trend line, I expect a bearish momentum towards the lower trend line but should not go beyond 8.23, where I’ll be looking for  a clear buy position. At the moment, I’m only interested in a sell position with this share. Only if the price breaks above this trend line, will I consider a buy position. On the way downwards, the key lines to look for include 9.92, 9.33 and lastly 8.84. If these lines are broken, then further decline towards 8.23 is expected. My advice, sell this share now, or wait for a pullback to the upper side then sell.Trade Signal:Remain short towards 8.23.  MegaFon ReviewTrade Observation:For the past two months, Russians Number two Mobile operator’s shares  has been on the decline but is currently around a key daily support zone 540.2-531.7. The previous week’s candle is a reversal candle and could mean the price per value of this share could grow this week, but should not go beyond the upper trendline.  During this week, only  a buy position looks more ideal, with a stop loss below the previous week’s lowest low 522.8, and take profit along the upper trendline. As it is on the weekly chart above, only a buy position can be adviced, however, if the price breaks below 531.7, then I expect further decline towards 450.00.Trade Signal.Expect a bounce from 540.2-531.7 to buy this share with your take profit along the upper trendline.   
https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/week_5255.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

The post Weekly analytics- Technical Analysis Based on Breakout – Still Buying Bitcoin appeared first on Forex 323news.xyz.