Well, what can we say?
We're ready.
(Not that there is a choice anyway)
Topic: [2016-05-19]Bitcoin Price Technical Analysis - Ready for a Long-Term Slide? (Read 352 times)
May 21, 2016, 03:52:32 AM
May 20, 2016, 04:45:19 PM
Bitcoin Price Technical Analysis for 05/20/2016 – Ready for a Long-Term Slide?
The 100 SMA is still above the 200 SMA on the daily time frame but it has already made a downward crossover on the 1-hour chart, an early signal that a downtrend is brewing. The moving averages on this long-term chart are closing the gap, though, so a downward crossover might also happen soon. For now, bitcoin price is eyeing the following nearby support levels: the dynamic inflection points at the 100 SMA and 200 SMA, near-term support at $400, and the next floor at $380...
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The 100 SMA is still above the 200 SMA on the daily time frame but it has already made a downward crossover on the 1-hour chart, an early signal that a downtrend is brewing. The moving averages on this long-term chart are closing the gap, though, so a downward crossover might also happen soon. For now, bitcoin price is eyeing the following nearby support levels: the dynamic inflection points at the 100 SMA and 200 SMA, near-term support at $400, and the next floor at $380...
read more
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