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Title: [2016-02-08]Bitcoin Price Technical Analysis - Bearish Continuation Signal? Post by: Blawpaw on February 08, 2016, 07:11:11 PM Bitcoin Price Technical Analysis for 08/02/2016 – Bearish Continuation Signal?
The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. This suggests that the $390-400 area might keep gains in check, pushing bitcoin price back to the bottom of the triangle at $370-375. Stochastic is on its way up, after just making it out of the oversold region. This indicates that bullish pressure is present and that buyers... read more (http://www.newsbtc.com/2016/02/08/bitcoin-price-technical-analysis-for-08022016-bearish-continuation-signal/) |