We are busy at work to get the bigX services ready. Sign up and be among the first to
when this service is available.
Subscribe to be notified.
Thank you for subscribing. You are almost done.
Please check your email to confirm your subscription
something exciting is on the way
We are busy at work to get the bigX platform ready for trading. Would you like to be notified
when it’s done? Leave your email on the right and be among the first to know.
BTCUSD technical analysis – 14 APR 2020 – bigX
Disclaimer: Any information contained in this website are the intellectual ownership of bigX. If you share this information, please reference the source link at bigX at all times and include this disclaimer. The opinions, analysis, charts and pricing based in this market analysis do not constitute investment advice. This should not be relied upon as your only source of market research and should never be used for actual trading decisions. Our opinions and analysis are subject to change at any point and we will not accept liability for any losses directly or indirectly from this information. You should never use just one source of information to make trading decisions, rather you should take your time and make an informed decision based on your own research. Please note that past performance and analysis are no indicators for future results.
BTCUSD hourly chart analysis
The H1 chart should be used for short term trading position entry and exit
We are currently right in the middle of a trading range between 6200 and 7400
Price firmly stable, holding pattern at 6800
We need to use H4 and D1 charts to make a projection for upcoming movement
BTCUSD four hourly analysis
Using trend lines we can further support our analysis from H1
We are at a point of major pivot / breakout
Falling and rising channels show the price is now ready to breakout
Excellent buying opportunities at the previous support of 4000/500
If it breaks above then we can easily see 9000 price points being achieved
BTCUSD daily analysis
On the daily chart we can see use fib retracement
The 50% channel has been retraced, suggesting a drop to 38%, 23% levels
A 23% retracement would see us around the 5000 figure