Between prospective, hesitant, motivated and seized of opportunities, digital currencies went their way to achieving upwards exceeding 25% on bitcoin and exceeding 100% on some other currency, in the continuation and update of the previous topic before Three weeks, with a recommendation to buy from $ 4,050, we reached today above $ 5,300, next boarding For cryptocurrency , let us continue together to update technical analysis
Returning to the above chart, which is for the price movement of the market value of the total digital currencies, an important measure we recommend friends to follow it is available on the Trading View website, we note clearly the positive upward momentum continues to arrive The market reached $ 172 billion with a healthy movement for indicators of technical cash flows. What is important to us in this new scene is that a clear rise in trading volumes was monitored until it exceeded the volumes of trades of the historical highs of January 2018 on the overall digital currencies, but the difference now is that we are still in levels Bottoms on the weekly and monthly frames, and we are not at peaks levels.
If we believe that this current rise during the month of April is an institutionally supported rise and a major player and is different from any previous upsurge, this is supported by an improvement in the general mood and high levels of confidence of traders In prices, the leader, Bitman Bitcoin, has returned to trade above the 20, 50, 100 and 200 day moving averages with the golden cross occurring between 50 exponential days EMA and 200 days SMA which is better to use the cross in this formula than its traditional formula, this matter means that the prices will remain and the science With God supported, and the equation will be released now that any reversals that may happen are an opportunity to enter, so I very unlikely to attain Price breaks the level of 4500 dollars for Bitcoin
And in a technical look closer to the movement of Bitcoin, the price stands above the level of $ 5300, which I think we are heading in the third ascending wave formations targeting 6470 points with natural signals on the Frimat The young woman supports horizontal fluctuation and pressure that can take us back to 4800 dollars before continuing the rise. In any case, it should never be under the current wave going back to 4100 dollars and consider this an exit point, God forbid, before continuing to rise to the goal and the formation of five integrated ascending waves that are beginning To establish a more healthy ascension, thus our recommendation to buy still exists.
