Analysis written on the chart. The basic idea is that is diverging with price action. is close to diverging, running flat on average over the same period due to a signal line crossover. Spikes in and price action suggests a “head and shoulders” pattern. If true, then the right “shoulder” could take the price down to the start of this pattern. Looking at the , there is a low area in the same zone. $6235 is chosen based on that area, plus the tail of the lowest hourly candle. This was the start of the pattern.
The London Stock Exchange (LSE) is providing the trade-matching technology for an upcoming cryptocurrency exchange in Hong Kong. The LSE Group announced Tuesday that its Millennium Exchange matching engine has been chosen to power AAX, a […]
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View Bitcoin charted an “inside bar” pattern last month, making $13,200 the level to beat for the bulls. A convincing move above $13,200 would imply a resumption of the rally from lows near $4,050 seen […]