#Bitcoin technical analysis

in bitcoin •  6 years ago 

There has been some fud lately with stolen Bancor tokens and whatnot, but this is noise. Bitcoin failed to break 6800 resistance and crashed down quite hard. It's a long shot but it has now formed what it looks like an inverse head and shoulders (powerful bull signal). Obviously we'll have to wait a few days to see how it plays out and break that 6800-850 area to confirm bull run. I wouldn't advise being in a position until that area breaks.

Right now bitcoin formed some bullish divergences on larger time frames and i'll be monitoring it closely to see where this leads us. Certainly i expect a spike up to 450-500 area before possibly continuing down. Thread alts carefully.

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very nice bro, but wait little time market boom any time......

of course :) ty