Bitcoin Forum
November 20, 2017, 02:03:43 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2016-10-18]Bitcoin Price Technical Analysis – Make or Break!  (Read 178 times)
BTCBinary
Hero Member
*****
Offline Offline

Activity: 504


View Profile
October 18, 2016, 08:48:38 AM
 #1

Bitcoin Price Technical Analysis for 10/18/2016 – Make or Break!

Bitcoin price seems to be exhausted from its climb and might need to pull back to the channel support before heading further north. The 100 SMA is above the longer-term 200 SMA on the 4-hour chart of bitcoin price, confirming that the uptrend is likely to carry on. The gap between the moving averages is widening so bullish momentum is getting stronger. However, buyers might be waiting for better prices before entering more long positions...

http://www.newsbtc.com/2016/10/18/bitcoin-price-technical-analysis-10182016-make-break/
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!