Join me @ IBOtoolbox for free.
David Ogden
Member Since: 5/25/2012
  
performance / stats
Country: United Kingdom
Likes Received: 271
Featured Member: 2 times
Associates: 277
Wall Posts: 474
Comments Made: 385
Press Releases: 275
Videos: 105
Phone: +357 97727987
Skype:     seadogs11
profile visitor stats
TODAY: 14
THIS MONTH: 2332
TOTAL: 138555
are we ibo associates?
member advertising
active associates
Crypto Vend    
Last logged on: 6/20/2019


Csaba Juhasz    
Last logged on: 6/20/2019


Sule Yesufu    
Last logged on: 6/20/2019


Eugenijus Sakalauskas    
Last logged on: 6/20/2019


Ro Mitchell    
Last logged on: 6/20/2019


Wyndham Rees    
Last logged on: 6/20/2019


Dorothy Allen    
Last logged on: 6/20/2019


Ezworksystem Opportunities    
Last logged on: 6/19/2019


Bill Bateman     
Last logged on: 6/19/2019


Brian Stefan    
Last logged on: 6/19/2019


jl Thompson    
Last logged on: 6/19/2019


Patricia Hudon     
Last logged on: 6/19/2019


Chris Tobin    
Last logged on: 6/19/2019


Doug Blomstrom    
Last logged on: 6/19/2019


Vernon Wallis    
Last logged on: 6/19/2019


other ibo platforms
David Ogden   My Press Releases

Bitcoin Price Analysis – Are We Heading for a Breakout or a Fadeout?

Published on 4/26/2019
For additional information  Click Here

Bitcoin Price Analysis – Are We Heading for a Breakout or a Fadeout?

I want to have a closer look at bitcoin technical analysis and the levels that are important to keep an eye on over the next few weeks.

Bitcoin is up 45% since I posted an article back in February about how I think the tide is turning.

Prices have been mirroring the 200-day moving average shown in red in the chart above. Previously, we can see that bitcoin got close to the 200-day moving average, but failed to break through and then fading back down.

As we can see now bitcoin has now rallied past the 200-day moving average for the first time in a long time.

Bitcoin now has resistance at the $5300 level, where it has roughly been since the earlier this month, but rather than fading as it did in the past, it is holding in a tight range.

This shows the action is bullish and is likely going to have its next move be another push higher. The next resistance level is up just north of $6000.

So, is this a sign of a breakout coming or will bitcoin once again fail to climb the ladder?

As long as bitcoin holds above the line (currently about $5,100), then the odds are in favor a shaper move higher over the coming weeks.

The chances of bitcoin making a break higher up to the $6000+ level is significant, but for those who want to protect themselves, putting in a stop order at $5000 will allow them to capitalize on the probable upward move while applying protection in case the position breaks down.

To see how I have been able to uncover bitcoin prices swings correctly over the last several years join my next presentation where I outline my favorite cryptocurrency trading strategy and what I look for to give myself the best opportunity to profit. Click here to learn more.


 

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.