Bitcoin Forum
May 28, 2024, 05:45:47 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-05-18]Bitcoin Price Technical Analysis – Bears Trying Harde  (Read 239 times)
Blawpaw (OP)
Legendary
*
Offline Offline

Activity: 1596
Merit: 1027



View Profile
May 19, 2016, 11:41:09 PM
 #1

Bitcoin Price Technical Analysis for 05/19/2016 – Bears Trying Harder

The 100 SMA is still above the longer-term 200 SMA so the uptrend could carry on. In addition, the 100 SMA coincides with the channel support, which explains its strength as a floor for now. However, the gap between the moving averages is narrowing, indicating weaker bullish pressure and a possible downward crossover...

read more
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!