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$5K is ‘No Magic Price’ That Turns Bitcoin Price Bullish, Says Tone Vays

Bitcoin price held steady above $5000 April 9 but one trader remained cautious about trusting the cryptocurrency’s bull run would continue. ‘No Magic Price’ For Ending Bear Market In a tweet Monday, veteran trading guru Tone Vays warned that even though Bitcoin price had managed to maintain support at $5000, its trajectory was more important. дальше »

2019-4-9 14:00


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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