BTC/USD Analysis 10/31/17- Happy Halloween!

in bitcoin •  7 years ago 

Hello fellow Steemians!

Well, here it is- my first analysis! I know that I have yet to build up a reputation of validity, but here is a start.

BTC-USD 10-31-1.PNG

As you can see from the image, the 10, 25, 50, and 100 day Moving Averages have lined up and separated- showing a bullish trend in the short-term (Over the next day or two).

BTC-USD Long-Term 10-31-17.PNG

Over the longer-term (next week or so), the MACD is showing the beginning of a steady up-trend while highs are being tested on the Bollinger-Bands. The charts are showing a steady increase into another all-time high- probably in the range of 7000-7700- over the next few weeks.

Well, that's all for today's analysis,
Happy Halloween and Steem on!

~Jack

Remember: This is only my analysis, you should always do your own research as well before making any investing decision! This post is not telling you to buy or sell! Trade at your own risk!

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