Topic: [2016-08-19]Bitcoin Price Technical Analysis – Watch Out for a Breakout! (Read 315 times)
August 19, 2016, 02:48:30 PM
Yippity doo dah
August 19, 2016, 01:21:02 PM
Bitcoin Price Technical Analysis for 08/19/2016 – Watch Out for a Breakout!
The 100 SMA is still below the 200 SMA so the path of least resistance is still to the downside. However, price seems to be finding support at the 100 SMA dynamic inflection point for now. If a bounce takes place, bitcoin price could still test the triangle resistance at $580, which is close to the 200 SMA dynamic inflection point. A breakout in either direction could lead to a rally or decline of $20, which is the same height as the chart formation...
http://www.newsbtc.com/2016/08/19/bitcoin-price-technical-analysis-08192016-watch-breakout/
The 100 SMA is still below the 200 SMA so the path of least resistance is still to the downside. However, price seems to be finding support at the 100 SMA dynamic inflection point for now. If a bounce takes place, bitcoin price could still test the triangle resistance at $580, which is close to the 200 SMA dynamic inflection point. A breakout in either direction could lead to a rally or decline of $20, which is the same height as the chart formation...
http://www.newsbtc.com/2016/08/19/bitcoin-price-technical-analysis-08192016-watch-breakout/
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