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Topic: [2016-04-04]Bitcoin Price Watch; Bullish Start to the Week? (Read 221 times)

legendary
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Bitcoin Price Watch; Bullish Start to the Week?

At the close of the week on Friday, we noted that we often see a big move during the weekend, and that this move more often than not comes on a Sunday. As things turned out, we did get a decent move, but it came late Friday night rather than Sunday. The chart below illustrates the move – an upside break through the level we had slated as in term resistance at around midnight on the Friday in question, which brought the bitcoin price to trade at fresh highs of 420 flat. From this level price corrected, and has been trading at or within a pretty tight range since – a range that we will incorporate into today’s trading...

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