Join me @ IBOtoolbox for free.
David Ogden
Member Since: 5/25/2012
  
performance / stats
Country: United Kingdom
Likes Received: 277
Featured Member: 2 times
Associates: 279
Wall Posts: 487
Comments Made: 390
Press Releases: 282
Videos: 111
Phone: +357 97727987
Skype:     seadogs11
profile visitor stats
TODAY: 28
THIS MONTH: 3020
TOTAL: 139243
are we ibo associates?
member advertising
active associates
Tony Beach    
Last logged on: 6/26/2019


Eugenijus Sakalauskas    
Last logged on: 6/26/2019


Csaba Juhasz    
Last logged on: 6/26/2019


Joseph Monsen    
Last logged on: 6/26/2019


Sule Yesufu    
Last logged on: 6/26/2019


Linda Michel White       
Last logged on: 6/26/2019


Mark Turnbull    
Last logged on: 6/25/2019


Bill Bateman     
Last logged on: 6/25/2019


Vernon Wallis    
Last logged on: 6/25/2019


Brian Stefan    
Last logged on: 6/25/2019


Doug Blomstrom    
Last logged on: 6/25/2019


Robin Robinson    
Last logged on: 6/25/2019


Brandon J Urquhart I    
Last logged on: 6/25/2019


Cosmos Parris    
Last logged on: 6/25/2019


Crypto Vend    
Last logged on: 6/25/2019


other ibo platforms
David Ogden   My Press Releases

Bitcoin price analysis: BTC/USD stays marginally above $5,300, RSI implies that the recovery may be limited

Published on 5/1/2019
For additional information  Click Here

Bitcoin price analysis: BTC/USD stays marginally above $5,300, RSI implies that the recovery may be limited

  • BTC/USD bulls try to hold the ground above critical support.

  • The critical resistance lies with $5,500.

BTC/USD is changing hands at $5.330, nearly 3% higher from this time on Tuesday. The first digital coin managed to break above several strong resistance levels and return the range of the previous week. While the coin is nearly 4% lower on a week-on-week basis, a sustainable move above $5,300 has improved the technical picture and mitigated an immediate bearish pressure.

Bitcoin’s short-term technical picture

On the intraday charts, BTC/USD has settled above the previously broken channel support and SMA200 (1-hour) clustered under $5,300 handle. While the further upside is capped by $5,344 (the upper boundary of 1-hour Bollinger Band, the short-term trend remains bullish as long as $5,250 remains intact.

On the upside, t we will need to see BTC above $5,500 to say that the downside correction is over that the coin is ready to resume the upside movement. However, the Relative Strength Index on intraday charts has started to reverse from an overbought territory, which means that the coin may extend the downside towards the above-said support of $5,250 before the growth is resumed.

BTC/USD, 1-hour chart

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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.