BitcoinShort
Bitcoin/gold Support & Resistance + High Volume Spinning Top
Mis à jour
(Note: I'm a beginner at technical analysis. Comments welcome.)
This chart is Bitcoin priced in gold via USD.
Circled high volume spinning top followed by long red candle. Means there was a lot of trading happening around 0.8281 therefore resistance now stronger. Current green candle looking normal on volume, somewhat long top wick, and balanced "indecisive" -- so maybe it won't even make it back up to resistance before falling below recent low at 0.7183. Support at 0.6525 is a guess.
This chart is Bitcoin priced in gold via USD.
Circled high volume spinning top followed by long red candle. Means there was a lot of trading happening around 0.8281 therefore resistance now stronger. Current green candle looking normal on volume, somewhat long top wick, and balanced "indecisive" -- so maybe it won't even make it back up to resistance before falling below recent low at 0.7183. Support at 0.6525 is a guess.
Note
Bitcoin currently hovering at 0.8225 ounces of gold (via USD). Looks like it will bounce off resistance to me. Let's see...Note
Holding above the resistance so far. Current candle (1 April 2017) has fairly long upper wick. I'm unsure. Would like to see a retest in order to call 0.8281 a support.Ordre annulé
Note
Ok, my idea here was incorrect.
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