MARKET NEWS

Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    December 08, 2021

    Bitcoin bounced 20% after breaking the 42,000 resistance.

    technical analysis top header -01

    The cryptocurrency suffered a 21.75% loss but after breaking the 61.8% and 78.6% Fibonacci retracements that were support levels, then it managed to recover more than 15% in only three sessions which broke the 61.8% now resistance. 

     

    The upper Bollinger band is starting to open up in the last two sessions, the pair traded below the lower band, suggesting that the price is relatively low, which is one of the reasons for the rebound, many investors bought the dip and boosted the price towards recovery.

     

    BTC Nov 29th 2021

     

    The relative strength index is at 36%, recovering from a low of 31%, which almost entered the oversold status. This level of RSI will allow the cryptocurrency to make an aggressive comeback, although this is not likely to happen, the environment would allow it.

     

     

    We love to hear new ideas from traders and want to know what you think! 

     

    If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

     

    Try Risk-Free Demo  

     

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

     

    Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

    Subscribe by Email