Bitcoin Newsroom Articles
Bitcoin has been held back by the same arc of resistance now for the past 4 days. Readers of my last column will recall that 2 days ago I posted a chart which demonstrated that the 2 arc of the 5th pair was resisting. Though I have hypothesized that an eventual close above the arc is likely in the cards, that arc has not been defeated by the bulls yet.
Here is a close-
So, will we see higher highs in the days to come? I continue to believe so, but we
still don’t have a buy signal on the 8-
Here is a daily chart with a long-
The “1 line” has been broken to the upside, but is being tested as these words are
written. See a close-
According to pitchfork theory, a serious advance is predicted, all the way to the
zero line (not shown). However, before we mortgage the house to leverage ourselves
long, we need to be reminded of this shorter-
While I continue to believe 2017 will be an even better year for Bitcoin than 2016 was, there could well be a significant trading opportunity (on the short side) in a week or two, in the $1025 area…
Remember: The author is a trader who is subject to all manner of error in judgement. Do your own research, and be prepared to take full responsibility for your own trades.