Traders Blog - Analysis, Strategies, News and more: Tag - crypto
Bitcoin trading sideways
Bitcoin trading range narrowed last week as the upper and lower bounds of the range moved significantly lower and higher respectively from the previous week’s positions. The price is below $26,850 currently, below the middle of two Fibonacci levels....
Bitcoin still headed lower
Bitcoin trading range widened last week while upper and lower bounds of the range moved significantly lower from the previous week’s positions. The price is below $27,500 currently, below the middle of two Fibonacci levels. The RSI moved down toward...
Bitcoin sentiment still bearish
Bitcoin traded in a narrower range last week with upper and lower bounds of which moving lower and higher respectively from the previous week’s positions. The price is above $27,500 currently, below middle of two Fibonacci levels. The RSI remain...
Bitcoin bias turns neutral after Fibonacci resistance test
Bitcoin reversed all of the previous week’s gains last week. The price is below $27,500 currently after it retraced down following the test of the Fibonacci 261.8 resistance previous Friday. The RSI continued drifting to lower bound of neutral zone....
Bitcoin retraces down from Fibonacci resistance
Bitcoin renewed the bullish thrust last week. The price is above $29,400 currently after it advanced and reflected off the Fibonacci 261.8 resistance. The RSI entered the overbought zone again last week but then returned back into the neutral zone. T...