MaksymKonstantynov

Monday report of Bitcoin

BITFINEX:BTCUSD   Bitcoin
Bitcoin - the report, closing of month, week and forming of day.
Good afternoon, closing of monthly March bar was very negative, and the movement of the price is comparable to closing of February bar down. The last week of March for the price was very negative. Meanwhile the price moves in the range of a descending channel. On week levels: the price was closed lower than 50 MA on a week (short wholesale price), demand was not high probability of the fact that the price can fall by more acceptable levels, to the region of $5000-6000 there. the most acceptable levels from the point of view of the monthly and week schedule it is the region of the prices of $3000.
On day: in day there was a number of purchases from the price of $6400, on the good volume and spread, but meanwhile the tendency remains invariable - before such format of purchase led to new heights. The nature of such purchases can be a different type: or averaging of a position or purchase on balance by one of players of the market, respectively the price can leave even below while early to draw any conclusions, but the statistics meanwhile says that the vector of use of technology declines bitcoin.

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