While the BitShares exchange rate has recovered somewhat this week, the pivot zone at 0.0000085 is still being respected by the market. Including today, the 0.0000085 price level has acted as support a total of three times during the month of April, and once as resistance on the 26th. If the market doesn’t slip under 0.0000085 today, we could see a rally back up to 0.0000092. The 0.0000092 level started …
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In My last BitShares technical article, the one on the 10th of March, I speculated that the break of the big pivot zone at 0.000013 was a major event, and that a bear market may follow. Since that time, the BitShares exchange rate has continued to drop, hitting a low of 0.00000824 just today. While the selling has been very consistent over the past two weeks, price is now sitting …
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Technical Analysis for Bitshares/Bitcoin Yesterday I shared with you some technical analysis as we exited a pattern. For those of you that are probably thinking you missed the boat well here is a similar pattern that hasn’t played out yet. It is basically the same reversal pattern and you generally trade it when price exits the pattern to the upside, but as always be patient since this pattern can literally take days/weeks …
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