Bitcoin Price Technical Analysis for 04/13/2016 – Another Channel Within a Channel!
Technical indicators on the 1-hour time frame are suggesting that a selloff might take place. The 100 SMA is below the 200 SMA so the path of least resistance is to the downside, although these moving averages are also oscillating to indicate consolidation.
Meanwhile, RSI is pointing down, which means that bearish pressure is present. Similarly, stochastic just made its way down from the overbought zone so price might follow suit. Near-term support could also be found around the moving averages...
http://www.newsbtc.com/2016/04/13/bitcoin-price-technical-analysis-04132016-another-channel-within-channel/
Topic: [2016-04-13]Bitcoin Price Technical Analysis - Another Channel Within a Chann (Read 231 times)
April 13, 2016, 04:58:06 PM
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