Bitcoin Price Analysis – Bullish channel continues to hold

Nathaniel Freire is a full time day merchant trade Digital Assets, Forex and Stocks. Based in New Jersey, Nathaniel specializes in technical research with a turn of amicable view and elemental analysis. 


The technical setups posted next use elementary trend detection, support and resistance, channels, settlement and candlestick analysis. We aim for high-probability trade setups on BTCUSD and use really few indicators. All charts use BNC’s Bitcoin Liquid Index for limit accuracy.

The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks. Bitcoin is best traded as a quite suppositional commodity on 4h+ timeframes.

Market Sentiment And Macro Key Points

 

  • Circle Pay announces iOS iMessage Bitcoin formation plans. Adding payments to iMessages reduces “the friction,” for consumers, says CEO Jeremy Allaire. “There’s a jump to have to implement a smartphone app so that we can compensate my friend and all a inputting and set up. To do it all within a iMessages app is a lot easier.”

  • Bitfinex is display certain signs by arising the initial payment to customers.The association says they will “continue to press brazen on all fronts, to rapidly retire BFX tokens by equity acclimatisation with competent token holders, lifting new



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