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Author Topic: [2016-09-01]Bitcoin Price Technical Analysis - Back at the Triangle Resistance!  (Read 153 times)
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September 01, 2016, 11:24:53 PM
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Bitcoin Price Technical Analysis for 09/01/2016 – Back at the Triangle Resistance!

The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. In addition, the 100 SMA is close to the top of the triangle, adding to its strength as a resistance area. A move higher could still find a ceiling at the 200 SMA dynamic inflection point. However, the gap between the moving averages is narrowing so an upward...

http://www.newsbtc.com/2016/09/01/bitcoin-price-technical-analysis-09012016-back-triangle-resistance/
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