BTC Course Analysis KW44 - Pump by Trump

After a deep fall on the course cautiously climbed back upwards. With the election of Trump, the price jumped abruptly to 663. 82 EUR (726. 82 USD) and currently stands at 658. 83 EUR (721. 35 USD).

Summary

  • A large dump led to a dramatic share price decline, at the price of 612. 19 EUR (670. 29 USD).
  • Since then, the course cautiously climbed up and dived around EMA100 and EMA200.
  • Currently the course is at 658. 83 EUR (721. 35 USD).

The MACD (second panel from above) is obviously positive after this pump. But caution: the fall of the course over the course of this day caused the signal (orange) to fall below the MACD line (blue) - as we know - a rather bearish character for short-term developments.

The RSI (third panel from the top) has been bought over with the Trump option. Since then, the RSI has fallen slightly, but remains bullish at 62.

The Chaikin oscillator chart (lower panel) also fits into this rather bullish picture and is positive. After he increased strongly with Trumps election, he fell to the day minimum until noon and went up again. Since this afternoon, however, he is easily trapped again. So it remains exciting!

Overall, the signs are cautiously bullish. I would not yet interpret too much here, which was like the overflowing of pages with regard to an emigration to Canada for the first time a momentary burst.

But what about other timescales? Trump

The 240min chart is also clearly bullish: the course, trend and indicators speak the same language. Here, MACD is also perfectly bullish - signal and MACD line are positive and the MACD line is higher than the signal. The RSI was on the verge of overbought, but is currently somewhat down - but still very bullish.

Let's look at the 1 minute chart:

Here we feel somewhat reminded of the 60 min chart: Almost everything is clearly bullish, but as in the case, the MACD line is under the signal - it also looks here after a slight course correction.

So we are still on a long-term scale upwards - the current pump, however, I would not overvalue. Nota bene: Dump also rhymes on Trump.

Disclaimer: The price estimates presented on this page do not constitute a recommendation to buy or sell. They are merely an estimate of the analyst.

Image Base of data from cex. Io