Bitcoin Technical Analysis Update (14 March 2018)

in #bitcoin7 years ago

Here is latest update on bitcoin technical analysis,


  • CLose to break that pennant daily chart also looks weak lacking volume bears in control, interesting to see how bears plays next round on break down this pennant.

  • After exit at 11200-11600 Btc/Usd 2nd Entry stop triggered on 3% down not see any strong bull reversal yet for bounce so sitting out for now less likely expect shorter bounce from 7800-8000, but not sort any new entry in btc so better wait to settle some dust no rush.

bitcoin update.png


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I hope we don't go back under $6,200. That would be a nightmare. I thought BTC would be going on a bull run by this time. I guess I have to keep hodling.