Bulls vs Bears in Bitcoin!

BITSTAMP:BTCUSD   Bitcoin / Dollar
578 1
Bitcoin is posting mixed signals on the chart, as the battle between the bulls and the bears rages on. After creating a huge head and shoulders pattern, and losing the critical 50 and 200 period exponential moving averages, BTC morphed into an inverse head and shoulders , regained the moving averages, and is currently breaking out to the upside of the symmetrical triangle that it's been trading in. We can also see that there has been a spike in buy-side volume , which adds conviction to the breakout. Also, the MACD has broken above the zero line, which is typically a short term buy signal. The tides appear to be turing, in favor of the bulls. However, we still need to see higher highs, and a sustained rally. A dip back below the 50 EMA and the 200 EMA , would signal a failed breakout. On the upside, the next major overhead resistance is near $16,500.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Agree 100%
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden