Jaknoph
Short

BTC 1w logscale 20ma

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
145 0 4
BTC             weekly has now closed under the 20ma after holding above it since late 2015.
It had broken the 20 moving average on some considerable volume after a weak bounce volume and price action wise off of it.
There is still a large momentum swing down on all indicators.
There is some prior consolidation on the three bars around 7600-6000 but I believe next step it will test the 50ma on the weekly with bounces here and there.
Stronger shorter term resistances I see are around 8450 and 9200.

I need to format the writing better but I am still getting around publishing ideas, I am used to taking screenshots and saving them with mental notes (hence my over use of arrows)
Comment: This is pretty unrealistic and wild target but I reckon around $3000-$2400 come this December time is possible with this movement
EN English
EN English (UK)
EN English (IN)
DE Deutsch
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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out