Technical analysis of XBT (BTC) 08/07/18

Today I bring XBT or BTC commonly known at the beginning people did not know bitcoin by the symbol of BTC but by XBT but then practically thought that XBT has nothing to do with the name of the cryptomoneda.

Today I bring you to XBT but it is an exchange that has caused great commotion in the community and it is Bitmex but then I made a publication dedicated only to the exchange for now I will be BTC on that platform. The good thing about this platform is that we can leverage up to 100x and we can make short XBT, ADA, XRP, LTC, BCC, ETH, EOS, TRX.

XBT is the currency with more power in the market, if we had one in a financial market we could say that the underlying asset would be the BTC because it has greater dominance of the market and the majority is governed by it.

Although we have seen that low XBT does not lower some cryptomonedas rather some rise good this is for something psychological because people to see that XBT is changed to another cryptomonedas to be able to shelter.

Here we are going to see the XBT graphs

We see that XBT must reach point 0.23 of fib which is around 6750 to rise strongly again until 9k although it is a long term analysis.