Since 2013, Bitcoin has experienced a strong rebound in the last quarter of each year, except in 2014. In 2013, the increase was 486.74 percent, in 2014, the main cryptocurrency decreased marginally by 16.69 percent. In 2015, the gain was 81.24 percent, while in 2016 the recovery was 58.17 percent. In 2017, the increase rewarded investors with a gain of 215.28 percent.
Quoting Mark Twain, "History does not repeat itself, but often rhymes." As operators, we respect seasonal trends, therefore, we will be attentive to purchasing opportunities in the last quarter of this year. Of course, we will not accept an operation until we see a reliable purchase configuration.
The fundamental aspects of the sector continue to improve with the large brokerage firms, banks and nations that come forward to promote the technology of the block chain and cryptocurrencies. If there are no adverse news, the trajectory should be higher in the next three months. So, what digital currencies are signaling a change in trend? Let's find out.
Currently, the BTC / USD pair has been corrected to support level of 6583.46 dollars. Both moving averages are at this level, so this becomes a critical support to consider.
If the bulls defend this level and a rebound materializes, a movement to the descending trend line of the descending triangle is possible. The virtual currency will gain momentum if the price remains above the bearish trend line.
On the other hand, if the current support is broken, it is likely that a test of support between $ 5,900 and $ 6,075.04 will be carried out again. Traders should keep the stop loss at $ 5,900, since if the support breaks, a deeper fall to $ 5,450 and even more to $ 5,000 is likely.
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