Author

Topic: [2016-02-08]Bitcoin Price Technical Analysis - Bearish Continuation Signal? (Read 224 times)

legendary
Activity: 1596
Merit: 1027
Bitcoin Price Technical Analysis for 08/02/2016 – Bearish Continuation Signal?

The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. This suggests that the $390-400 area might keep gains in check, pushing bitcoin price back to the bottom of the triangle at $370-375. Stochastic is on its way up, after just making it out of the oversold region. This indicates that bullish pressure is present and that buyers...

read more
Jump to: