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Title: [2016-05-17]Bitcoin Price Technical Analysis – Ready for a Triangle Breakout? Post by: Blawpaw on May 18, 2016, 08:22:01 PM Bitcoin Price Technical Analysis for 05/18/2016 – Ready for a Triangle Breakout?
The 100 SMA is above the 200 SMA on the 4-hour time frame so a bounce seems more likely. However, the gap between the moving averages is narrowing so a downward crossover could be seen, likely spurring a surge in bearish momentum soon. Stochastic is on its way down but is currently turning around, possibly indicating a return in buying pressure. RSI is also on middle ground, barely offering strong directional clues at the moment... read more (http://www.newsbtc.com/2016/05/18/bitcoin-price-technical-analysis-05182016-ready-triangle-breakout/) |