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Title: [2016-02-19]Bitcoin Price Technical Analysis – Short-Term Pullback? Post by: Blawpaw on February 19, 2016, 02:01:49 PM Bitcoin Price Technical Analysis for 19/02/2016 – Short-Term Pullback?
Applying the Fibonacci retracement levels on the latest swing low and high shows that the 38.2% level is close to the trend line around the $413 area. A larger pullback could last until the 50% Fib at $410 or the 61.8% Fib at $405. The 100 SMA lines up with the rising trend line and this might add to its strength as a potential support zone. In addition, this short-term MA is above the longer-term 200 SMA... read more (http://www.newsbtc.com/2016/02/19/bitcoin-price-technical-analysis-for-19022016-short-term-pullback/) |