Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME

Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume.

Screen Shot 2019-02-18 at 9.30.16 AM.png
Screen Shot 2019-02-18 at 9.31.51 AM.png

Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650.

Screen Shot 2019-02-18 at 9.42.56 AM.png

The daily chart also shows price breaking above the 50 day MA. If the daily candle closes above the 50 day MA, it’ll be a good indication this latest breakout has legs…at least temporarily.

Screen Shot 2019-02-18 at 9.31.22 AM.png

Today’s video analysis is a little more in-depth. I discuss market psychology, where price may go next, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM ( or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!


Related posts

Bitcoin at New Local Lows! Where to Now?


Grayscale Bitcoin Trust…Motley Fools Kept It Real




Get involved!


No comments yet
Skip to toolbar