jatech3

jatech3

The btc price is near the 200EMA support line on the weekly chart and should bounce for some green candlesticks in the near future. The last time we touched this support line was September 2015 which sparked a long term uptrend for bitcoin. Good luck everyone!

jatech3

Bitcoin has pumped up over 7600 fairly quickly and may pump a little higher before a correction takes place. Keep an eye on the 200ema resistance level around 7850 (shown in red) and for a double top on the stochastic rsi (circled in white) to short bitcoin. Good luck trading everyone!

jatech3 Updated 

We had a nice bounce back over $6,000 but I would be cautious trading BTC right now. The last three times we hit the 20EMA resistance line we have bounced off. As of now, it looks like we might be bouncing off for the fourth time and going back down. However, if we break the 20EMA resistance line there looks to be no strong resistance till around $8000 near the...