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Title: Bitcoin Technical Analysis for 09/04/2015 Post by: srgkrgkj on September 05, 2015, 11:30:11 AM http://themerkle.com/market-analysis/bitcoin-technical-analysis-for-09042015/
Bitcoin was quite volatile for most of August, but September has started with a very different market sentiment: a directionless sideways chop. The $226.00 area has provided a lot of support since the 30th of August, seven separate occasions to be more exact. A very strong resistance zone has also formed at the $231.50 level, which the market has tried to break about three times so far. A break of this very defined sideways channel will most likely result in a strong trend. |