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Bitcoin is in a ‘perfect storm’ for the rest of 2019 to perform a bullish move

Bitcoin’s collapse from its 2017 high is still continuing. There have been people who said that Bitcoin had bottomed and others who concluded that Bitcoin was yet to bottom. It is impossible to predict the bottom of Bitcoin, however, it can be seen that Bitcoin has had some improvements in the macro scale as compared […] The post Bitcoin is in a ‘perfect storm’ for the rest of 2019 to perform a bullish move appeared first on AMBCrypto. дальше »

2019-3-31 22:30


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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21