BTC / USD analysis 20-12-2020

[GalaxyGuard 352]

 

 

BTC / USD analysis 20-12-2020

 

This is my analysis of the recent movements of the cryptocurrency Bitcoin .. The analysis was done on the MetaTrader program .

 

Given the perspective of the 4-hour timeframe, recent events, and the current formative shape ... and where is the market supposed to have its destinations ?..

 

There is a strong uptrend and an explosion in the price to the upside, and this excessive exponential explosion in prices appeared to the upside in the recent period without enough confirmations !..

 

In my opinion, the price needs to fall below the point of $ 20,000 to confirm before it rises ... or that the current bullish explosion will be temporary and will not last.. and will go down to normal levels .

 

The extension of the main trend channel is still activated despite its breach to form an ascending triangle.

 

The breach of the channel activated the main target at $ 25,000, as shown on the second chart .

 

 

Edited December 20, 2020 by GalaxyGuard

[Shahzeb zafar 378]

Hye dear wao thanks alot for sharing this many people like me dont know the cruuncy rate latest but i also now gain through this post.i think bitcoin rate increase now after some days

[Enasalshrbaji20 516]

The price of Bitcoin will increase a lot in the near future. We must invest well and we must be patient and wait until that moment in general all cryptocurrencies will increase in price

[Malik9532 1276]

My friend bitcoin price go up and up at last its price stop near the 40000 .And   i think it is the highest price of this year .But now a days bitcoin price go up and down . In this way expert trader get more profit by selling with high rate and buying with low rate .

[jaydeen443 153]

6 hours ago, Ayesha ali said:

There is really no Good comparison between these two. Its just that most people prefer to assume that they are dealing wiith USD and otherwise it is just mainly btc. So we have to learn from it as well

True @Ayesha ali you are right since cryptocurrency is still known to be illegal coins in some countries meanwhile majority of the people would like to deal in USD but trust me brother in some years cryptocurrency will take over paper currency

[Alice21 414]

This topic that you have done I think is very good and also useful because now with that analysis that you have done on the btc and the usd now we can see if it is correct to invest or see the analysis and make our decisions based on it.

[scorpiali 5626]

The crypto currency analysis it's very hard to expect because the market if crypto are very volatile and change all the time and you can't know where and whene to buy and sell but we should learn the analysis 

[Reta 1285]

Thank you, dear, for this useful participation, especially in analyzing the extent of the rise and fall of the currency, this greatly helps to predict the movement of market fluctuations and predict that there will be a significant rise in the spread and growth of cryptocurrencies and bitcoin and make money at the same time due to the increase in popularity and the increase in the number of subscribers and followers and the speed of their trading

[Alyazen89 179]

أتفق معك في أن البيتكوين ستستمر في الارتفاع ، يا صديقي. اليوم ، في عام 2021 ، يبلغ سعر البيتكوين 63000 دولار ، وأتوقع أن يرتفع أكثر في المستقبل القريب. إنها عملة مشهورة ولها شعبية جيدة ، شكرا لك.

[Ramossss 963]

Indeed, your words are correct, as there was a big explosion in the price of the Bitcoin currency, and its price reached approximately 64 thousand dollars per bitcoin, which is the highest number it has reached before, but it began with a gradual decline, but I think it will rise again in the coming weeks.

[Al jareh 1192]

Thank you, my friend, for these graphical analyzes and the explanation about Bitcoin prices, whether they are rising or falling.

From Narti's point of view, and according to recent studies that I have done, the price of Bitcoin will reach $ 100,000.

[sea&& 272]

I thank you for your efforts, brother
Yes, Bitcoin is on the rise, and this is confirmed by some experts and investors. Whoever guesses the future wins, and the market is always in decline and up.

[Ashii 258]

Thanks for sharing that informative content mate. That's a good demonstration of market price of BTC in market. This graph chart facilitates in understanding of BTC rate. And I think BTC rate in market will increase in upcoming days. But this fluctuation is somewhat unpredictable.

[shargeel 208]

I think if I will say that the PTC is the only currency which may imprison the amazingness of the cryptocurrency and it is the basic cryptocurrency which is most popular in the world Billabong value because Bitcoin is really amazing and impressive cryptocurrency in the world

[Amelia1971 1338]

If my friend that is the best place to be updated with the movements of finance since they are updated every moment and as prices vary from time to time the best way is to be informed by safe sites, I am one of the people who update every so often to avoid losses in my investments today the price of btc is 60 and every day it changes up and down.

[Huhh1440 712]

Anyone who is novice or even inexperienced can know that there is a clear upward trend in currency rates when reading the charts, a significant increase in the rate of prices is not a good evidence, as it may have negative consequences for many people, we must need a process of splitting Bitcoin in half by number  Fewer years to keep it within normal limits

[abohasnn9 2401]

Dear in general, thank you for this technical analysis of his Bitcoin on 12/20/2020. It is a very wonderful analysis, dear about the rise in Bitcoin, as in general it rose on that date to more than 20 thousand dollars in general and this is an unprecedented rise since 2017 when  It rose to twenty thousand dollars and it has decreased tremendously and I agree with you that it needs a small drop, it rises to the highest points it can rise and hit higher resistance up, it needs to be corrected, then the support points will push it and it will return to points on it and now in 2020 it has reached its price  $ 65,000 to Bitcoin worked the undisputed best Thank you very much.

[Kristaal 817]

I must congrats you my friend on this analyzing it's look good , but there is an issue that it's look need to be more simple cause you make it on large scale there in the last few days you need to follow one scale to look more accurate cause you jumping between days , other wise it's a good analyzing for sure

[Jasmin123 698]

On 12/20/2020 at 6:41 PM, GalaxyGuard said:

 

 

BTC / USD analysis 20-12-2020

 

This is my analysis of the recent movements of the cryptocurrency Bitcoin .. The analysis was done on the MetaTrader program .

 

Given the perspective of the 4-hour timeframe, recent events, and the current formative shape ... and where is the market supposed to have its destinations ?..

 

There is a strong uptrend and an explosion in the price to the upside, and this excessive exponential explosion in prices appeared to the upside in the recent period without enough confirmations !..

 

In my opinion, the price needs to fall below the point of $ 20,000 to confirm before it rises ... or that the current bullish explosion will be temporary and will not last.. and will go down to normal levels .

 

The extension of the main trend channel is still activated despite its breach to form an ascending triangle.

 

The breach of the channel activated the main target at $ 25,000, as shown on the second chart .

 

 

Hello dear friend your post is very amazing and you have share with us  very informative and good knowledge  and I am very thankful to you for sharing this useful information that is it best of this forum and  bitoin coin is very valuable and it's post also give us lot of knowledge about it.

[Alaa18495 581]

The analysis I provided was last year and we all noticed the tremendous rise in the price of bitcoin and this rise is still continuing in our current year 2021 as the price of bitcoin recently exceeded 62 thousand and there are expectations that the price of bitcoin will increase further .

[Alan Johns 258]

By doing a good analysis we can have a good idea about the future of the particular coin and can know that either it has the potential to rise or not based on its history and trading volume and all other factors that affect it.so it's a good option for us.