Goldman Sachs offers to sell

DaveJordan

Contributor
For yesterday, bitcoin noticeably lost, as expected because of the negative sentiment in the market caused by bad news from China and investors continue to sell crypto-currencies and as a result of which bitcoin is declining. Today, one of the largest players in the financial sector, Goldman Sachs, has sent out its clients with recommendations on the market for the cryptocurrency. The newsletter talks about the level of 9,210.00, which is a strong support level and if the price cannot gain a foothold higher, then the probability of bitcoin decrease to the level of 5 922,00 is increased.
BTCUSD_13032018.png

At the moment, bitcoin is trading below the "Goldman Sachs level" in the range of 9,000.00 - 9,210.00 and events are negative for the market. It is worth noting that 9,000.00 strong support level, and if the price goes lower then it is likely to decrease bitcoin.

Coins CREDITS ("CS") follow the general market dynamics, which plays into the hands of medium-term and long-term investors. CS coins are now trading below yesterday's prices at 0.00006 CS \ ETH and on the price chart, you can see a trading range of 0.000055 - 0.000062 CS \ ETH in which the price is likely to hold the time and allow investors to open positions to buy. This idea is confirmed by the number of buy limits of large bids placed on the KuCoin exchange.
CSETH_13032018.png
 

The CC Forums

Admin
Staff member
Thanks for joining and for the technical analysis update.

I’ve also created a separate forum for TA and trading. No activity there yet, I would like to invite you to setup a few threads there on different coins you cover and invite others to join in by sharing the link to your threads. Admittedly no one here at TCF has experience with technical analysis.

Thanks.
 
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