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COIN TOKYO(コイン東京)
10/17/2018 06:10
Release： 10/17/2018 06:10
Update： 04/08/2021 02:35
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Latest news and速報 of virtual currencies
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Bitcoin (BTC) continues to move along the trend line; what will the price do next? — October 17 Chart Analysis

Bitcoin (BTC), which formed a large bullish candlestick on October 15 and surged significantly, has shown a temporary pullback after the rise, and continues to move with the price action using the downward trend line as resistance. On today, October 17, Bitcoin continues to move along the trend line; what kind of price action will we see in the future? We will check the chart.


After forming a large bullish candlestick, Bitcoin (BTC) is rising gradually but its price action is being constrained by the trend line

We will look at the BTC/JPY 2-hour chart. On October 15 BTC formed a large bullish candlestick, and afterwards showed a temporary pullback, settling in the 720,000 yen range. Although BTC briefly pulled back, it then rose gradually. However, that gradual rise ended with the price action constrained by the downward trend line since September 4. On today, October 17, the price action is again being constrained by the trend line.


※ Continued from here

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■ Important Matters and Risk Warnings Regarding Investment Products 【Financial Instruments Business Operator】
GogoJungle Inc.
Registration: Director-General of the Kanto Local Finance Bureau (Financial Instruments Business) No. 1960
【Member Association】
Japan Investment Advisers Association
【Fees and Expenses】
The use of software, e-books, investment advisory services, etc., provided on our platform involves purchase prices determined for each product.
Additionally, when conducting actual financial instrument transactions (such as FX or CFD trading), costs such as transaction fees and spreads (the difference between the sell and buy price) may be incurred through the connected brokerage firms.
【Margin and Risk of Loss】
Transactions such as FX (Foreign Exchange Margin Trading) and CFD (Contract for Difference) allow for trading in amounts exceeding the deposited margin.
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Furthermore, financial instrument transactions involve risks such as price fluctuations, which may result in losses falling below or exceeding the initial investment principal.
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While some services include investment advice, they do not constitute a mandate or solicitation to trade specific financial instruments.
Final investment decisions and the execution of trades must be made at the customer’s own risk and discretion.
GogoJungle Inc.
Registration: Director-General of the Kanto Local Finance Bureau (Financial Instruments Business) No. 1960
Member Association: Japan Investment Advisers Association GogoJungle Inc.
Registration: Director-General of the Kanto Local Finance Bureau (Financial Instruments Business) No. 1960
Member Association: Japan Investment Advisers Association
Financial Services Agency Japan Investment Advisers Association Financial Instruments Mediation Assistance Center Securities and Exchange Surveillance Commission

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