Tag: breakout

Bitcoin Technical Analysis for 03/28/2016 – Triangle Pattern

In BTC/USD we have a triangle pattern holding us in a range pattern, it stretches back to November 2015. Unfortunately this pattern isn’t directional so traders shouldn’t establish bearish or bullish bias solely on this pattern. For example we have held the upper end of the triangle 4 times, which can be bearish or bullish depending on your analysis. The bears can say that price was held by the upper …
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Bitcoin Technical Analysis for 3/25/16 – Big Moves Ahead

The bears have been trying to push the price down all day, however, the support at $415 proved to be quite resilient as it handled dump after dump. After a low of $412 Bitcoin’s price quickly rebounded to the $416 levels, however another sell wave caused support to dip once again to theĀ $412 level. Currently Bitcoin is trading at $414 and is currently on a rebound from the support line. …
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