Tag: head and shoulders

Bitcoin Technical Analysis for 5/10 – Potential H&S Formation

After reaching an ATH of $1740 then pulling back 2%, Bitcoin’s price keeps on rising. The current all time high is at $1794, and a potential head and shoulders formation might be forming which could push the price even farther up. With recent news that the Japanese volume is real, it seems that nothing can stop Bitcoin right now. Looking at the latest price chart from Bitcoinwisdom an interesting patters seems …
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Ethereum Technical Analysis for 3/27/16 – Head and Shoulders

Happy Easter everyone! My name is Matthew and I’ve agreed to do some analysis on crytocurrencies for themerkle.com in the upcoming weeks/months. I’ve been trading Forex pairs for a while and have more recently added crytocurrencies to my repertoire.  I’ll post one analysis a day on the various cryptos so be sure to check back regularly! Also feel free to leave comments. ETH/USD – after a huge up move in …
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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 the $412 level. Currently Bitcoin is trading at $414 and is currently on a rebound from the support line. …
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Bitcoin Technical Analysis for 2/19/16 – Double Cross

Bitcoin is currently trading at $421 in a bullish market after an intraday high of $425 and a low of $415. In our last technical analysis we indicated that the Bitcoin market was exhibiting a few prominent patterns which shouldn’t go unnoticed. One pattern we indicated was the head and shoulders formation which signaled an upcoming price increase. This recent price hike from the $380 levels to the current $420 …
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