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Title: [2016-07-26]Bitcoin Price Technical Analysis – Reversal Formation Seen! Post by: BTCBinary on July 26, 2016, 08:24:43 AM Bitcoin Price Technical Analysis for 07/26/2016 – Reversal Formation Seen!
The 100 SMA crossed below the 200 SMA recently, which means that sellers are taking control of bitcoin price action. The gap between the moving averages is widening so bearish momentum is getting stronger. In addition, the 100 SMA appears to be holding as dynamic resistance at the moment. However, stochastic is heading north so bitcoin price might follow suit. If sellers continue to stay strong, price could just keep treading below the moving averages and eventually break below the neckline at $650... http://www.newsbtc.com/2016/07/26/bitcoin-price-technical-analysis-07262016-reversal-formation-seen/ Title: Re: [2016-07-26]Bitcoin Price Technical Analysis – Reversal Formation Seen! Post by: 1Referee on July 26, 2016, 09:03:21 AM The market is boring traders that are constantly looking for action. Eventually a few massive sell orders will cause stop loss orders getting activated after each other causing the price to go down heavily, and there you have your volatility back. If the massive dumps don't show up then the price will slowly go down to $630-$640 this week.
Title: Re: [2016-07-26]Bitcoin Price Technical Analysis – Reversal Formation Seen! Post by: starmman on July 26, 2016, 09:22:29 AM The indicators look that way to me too. I've been hoping for a bear market for a while, there hasn't been much volatility for a while, and I don't want to invest much at the current rates. If so, for me, it will soon be time to restock on BTC funds and see some alt/btc rates rise and prepare for the next bull.
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