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TECH Sell 09.12.2019 10:13

Bitcoin: technical analysis

On the W1 chart, the BTC price continues to be traded in a downward channel. Last week, quotes reached its lower boundary at 6605.00, after which they started an upward correction. Currently, the price is in the area of 7500.00 (Murrey [4/8], D1) and, judging by the upward movement of Stochastic near the oversold zone, it can continue to rise to the level of 8750.00 (Murrey [3/8], the center line of Bollinger Bands, W1).

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Active Sell

Market sentiment

93.86% sell
6.14% buy