Technical Analysis
Technical Analysis

Technical Analysis

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Bitcoin Technical Analysis: Still Pounding on Resistance

Bitcoin has been pounding on the $4,000 resistance these past 4 days. Daily volume remains relatively strong at about $9.3 billion. Zooming in on the 4 hour chart, it appears a bull flag is forming. We’re also seeing hidden bullish divergence on th...

Workin 1 minute read 21 Mar 2019 1 comment $0.01

Bitcoin Technical Analysis: BULLS TAKE ANOTHER SHOT AT RESISTANCE

Bitcoin is finally testing heavy resistance between $4,000 and $4,120 (Coinbase). A decisive break above could signal the start of at least a temporary bull run, while another strong rejection may lead to lower lows. The daily RSI is looking bullish...

Workin 1 minute read 16 Mar 2019 2 comments $0.00

Bitcoin Technical Analysis: Price Exits Wedge...NOW WHAT?

Bitcoin rose out of the wedge it had been consolidating in over the past month. It’s now hitting resistance at $3,900. Just prior to the decisive break out, market makers ran a stop hunt that pushed price up to $3,905 and back down to $3,775 before...

Workin 1 minute read 15 Mar 2019 1 comment $0.01

Bitcoin and EOS Technical Analysis: READY TO MOVE?

Bitcoin continues consolidating within a wedge just above the $3,800 support. As it approaches the apex we should expect a larger move in the next 48 hours or so. EOS is also consolidating within a wedge. Like bitcoin, it’s approaching the apex sugg...

Workin 1 minute read 13 Mar 2019 5 comments $0.01

Bitcoin Technical Analysis: QUICK UPDATE

Bitcoin continues to consolidate within a wedge, creating a series of lower highs and higher lows. I’m expecting a larger move as it approaches the apex. Volume remains relatively high, just above $10 Billion for the day. In today’s analysis I d...

Workin 1 minute read 12 Mar 2019 0 comments $0.00