Tag: stocks

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Bitcoin broke up and out of the wedge it was consolidating in. It found resistance right inside the golden pocket (between the 0.618 and 0.65 fib) I’ve discussed in the past. While we’re seeing a small increase in volume, overall daily volume remains fairly weak. Looking at the daily chart, price is bumping up against…

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Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move. Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come…

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Bitcoin just broke above a key resistance at $4,120. It now seems to be acting as support. There’s strong resistance (supply zone) between $4,315 and $4,400. Looking at the daily chart, we can see price approaching the 50 Day MA. It’s also hitting the top daily Bollinger band. Between the top daily Bollinger band and…

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In yesterday’s update we discussed a likely pullback to at least $3,800. Today, we’re seeing that correction with price currently trading around $3,820 on Coinbase. In today’s video analysis I discuss, where price may be heading next, possible buy zones, traps to avoid and so much more. I hope you find it helpful. Video Analysis:…

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In my prior update, I mentioned if bitcoin broke above $3,600, we could see a temporary bull run. At the time of writing this, the bulls continue to run. Bitcoin is currently trading around $4,000 on Coinbase. Looking at the daily chart, we can see price has broken above the 21 day EMA. If the…

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Bitcoin is continuing to show some life. It’s held on to yesterday’s gains, currently trading around $3,525 on Coinbase. Daily volume has slightly increased, but remains fairly lackluster overall. EOS is looking rather bullish. It’s broken above the $2.45 resistance, currently trading around $2.65. Daily volume is around $1.3 billion, which is a very welcome…