empty
 
 
05.03.2021 04:28 PM
Trading Signal for Bitcoin for March 05 - 08, 2021: Buy above $48,000

This image is no longer relevant

A former Goldman Sachs CIO drew a strong response on Twitter after suggesting that Tesla should sell its Bitcoin and buy back shares in the company.

TSLA's stock price has fallen 28%, from $ 863.42 to $ 621.44, since news broke on February 8 that Tesla had made a $ 1.5 billion acquisition of BTC.

This news could influence Bitcoin, and we could see a fall to the levels of $ 30,000, on the other hand those who support Bitcoin are very confident, but the rapid rise of BTC suggests that there is also a fall to levels where that momentum began bullish.

In the 4-hour chart, Bitcoin is under downward pressure, it is trading below the SMA of 21 and 8/8 of Murray, we can also see the formation of a pennant pattern.

If the price of Bitcoin manages to break the zone of $ 49,550, it could be a sign of a bullish move to the level of $ 56,250.

On the contrary, if the SMA of 21 located at $ 49,350 acts as a strong resistance, it will be a good opportunity to sell with targets at the SMA of 200 around $45,900 and $43,750.

Support And Resistance Levels For March 05 - 08, 2021

Resistance (1) $49,052

Resistance (2) $50,561

Resistance (3) $53,225

Support (1) $46,388

Support (2) $44,879

Support (3) $42,215

Dimitrios Zappas,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $1000 mais!
    Em Abril nós sorteamos $1000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback