Tag: technical analyis

Bitcoin Price Analysis: Triangle Broken, Bitcoin to Test $800 Soon?

Bitcoin price managed to break out of a triangle formation. The BTCUSD pair was trapped inside a flat that was formed since the price bottomed at the $555 mark. Although the price quickly recovered it was incapable of breaking the $700 resistance zone. Now bulls are trying to slowly overcome  this hurdle. On June 18, Bitcoin established a two-year all-time-high, after reaching the $789.78 mark (data via Bitfinex) the price found sellers, …
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BitShares Technical Analysis for 01/17/2016 – Bearish Signs

BitShare has been steadily rising since the start of this year, but the technical patterns on the 30-minute chart are showing some bearish signals. For starters, there is a clear Head & Shoulders pattern discernible on the 30-minute chart and a massive pivot zone at 0.000008. This level has been used several times as resistance/support over the past few days. Price is currently trading under this zone, therefore, there is …
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The Weekly Bitcoin Breakdown for 5/11

What’s up traders, It’s another Monday, so we got another weekly forecast for ya’ll. Let’s start of with our key 242 level from Last Week’s Bitcoin Forecast. When we look at this key level, we see that at first, it provided resistance, as we talked about last week. After a short retracement, the bulls came back even stronger and blew out that level. Since then, bitcoin has been making higher …
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