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Author Topic: [2016-03-28]Bitcoin Price Watch; Breakout on Tonight…  (Read 146 times)
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March 28, 2016, 07:53:46 PM

Bitcoin Price Watch; Breakout on Tonight…

Earlier on today, we looked at the downward sloping channel that was forming in the bitcoin price, and suggested that – as a result of the fact the price was trading just shy of the channel’s resistance line – we may be in for some near-term short side action. The European session is now drawing to a close, and we are heading towards the mid US afternoon and – later – the Asian open tonight. How can we use what we saw in today’s bitcoin price market to set up against any potential volatility going forward? Take a look at the chart below to get an idea of...

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