Crypto to Watch - Bitcoin (BTC) - Consolidation

in #bitcoin • 5 years ago

PSX_20190928_070028.jpg

Bitcoin pushed through the 200 day moving average in the drop and the 200 day is proving to be resistance.

The volume has dropped off as the RSI and MACD look to be bottoming.

A bearish inside bar is forming off this bear flag pattern here.

I am looking at continued consolidation here as the resistance at the 200 day is proving to be strong and the support at $8000 is weak.

STEEM is trying to hold on to the $0.13 level.

#steem #cryptocurrency #money #investing
5 years ago in #bitcoin by
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     5 years ago 

    Totally agree, looks like it will consolidate here for a while before making another big move. Just don't know if that move will be up or down lol.

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       5 years ago 

      Man we can't keep going down. I hope...

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