Bitcoin Forum
September 27, 2024, 01:03:17 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-05-26]Bitcoin Price Technical Analysis for 05/26/2016 – Short-Term Selloff  (Read 316 times)
Blawpaw (OP)
Legendary
*
Offline Offline

Activity: 1596
Merit: 1027



View Profile
May 26, 2016, 05:31:19 PM
 #1

Bitcoin Price Technical Analysis for 05/26/2016 – Short-Term Selloff

The 100 SMA is starting to cross above the longer-term 200 SMA, which suggests potentially stronger buying pressure. If so, bitcoin price could land back above the rising trend line and carry on with its climb. Stochastic, however, is on the move down and indicating that sellers are taking control. In that case, bitcoin price could have room to head south until the next area of interest around $450. This is also near the moving averages, which might hold as dynamic support levels...

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!