Since it's 2018 peak Bitcoin has lost much of its upside momentum, but the long term trend remains firmly bullish.
BTC 2/7
BTC 2/7
Chart 1
Monthly Chart: Price is trading above the #SMA 20 and 10. The main #pivot resistances can be viewed, a monthly close above is required to gain upside traction. Firm #trendline support can be seen at approximately 4450.
BTC 3/7
Monthly Chart: Price is trading above the #SMA 20 and 10. The main #pivot resistances can be viewed, a monthly close above is required to gain upside traction. Firm #trendline support can be seen at approximately 4450.
BTC 3/7
Chart 2
Weekly Chart: Price stalled just above #Fib 0.618 - the last swing low (19666-3122) and fractionally below the monthly pivot at 13880. The SMA 10 has cut below the SMA 20 and price - ....
BTC 4/7
Weekly Chart: Price stalled just above #Fib 0.618 - the last swing low (19666-3122) and fractionally below the monthly pivot at 13880. The SMA 10 has cut below the SMA 20 and price - ....
BTC 4/7
.... a #bearish signal but currently trades above SMA 50 and 100. Strong trendline support can be seen (blue)
BTC 5/7
BTC 5/7
Chart 3
Daily Chart: Price is currently trapped between the SMA 100 and SMA 50. Watch the sloping purple dashed line. A daily close below will trigger a highly speculative position. This is printed on the image.
BTC 6/7
Daily Chart: Price is currently trapped between the SMA 100 and SMA 50. Watch the sloping purple dashed line. A daily close below will trigger a highly speculative position. This is printed on the image.
BTC 6/7
