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Title: [2016-03-29]Bitcoin Price Technical Analysis– Buying Dips Worked Post by: hendra147 on March 29, 2016, 08:15:22 AM Bitcoin Price is all Bullish?
Bitcoin price surged higher and after a minor correction managed to gain bids for another upside move. I highlighted a plan of buying dips yesterday, which worked perfectly, and now I think it is time to book profits as BTC/USD is heading towards a major resistance area and it is not worth the risk. The price stayed above a major bullish trend line formed on the hourly chart (data feed from Bitstamp), and also managed to break a minor bearish trend line on the same chart. BTC to USD almost tested the 50% Fib retracement level of the last wave of the $412 low to $427 high and started to move higher. http://www.newsbtc.com/2016/03/29/bitcoin-price-technical-analysis-03292016-buying-dips-worked/ |