MARKET NEWS

Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    January 12, 2022

    Bitcoin sinks to lowest level in 5 months

    technical analysis top header -01

    The cryptocurrency broke the $40,000 support level and fell to $39,558 in yesterday's trading session, the pair is recovering some ground and but the general downtrend continues as the price is below our short and long-term moving averages.

     

    The Bollinger bands started to open up six days ago and the price started to fall below the lower band, suggesting that the price was relatively low, both bands are moving downwards and the price might fall a bit more in the short term before making a come back.

     

    BTC Jan 10th 2022

     

    The relative strength index is currently at 35% after the pair recovered 2.19% today. The RSI entered an overbought status and that is one of the reasons we see a small gain today, the price might continue moving downwards as the general trend continues to be bearish. Our parabolic SAR indicator suggests that the price will continue to drop.

     

    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.

    cryptocurrency, trading conditions, technical analysis, trading indicator

    Subscribe by Email