THELOGICALINDIAN - Bitcoin amount has aloof exceeded 360 beneath than an hour afore autograph this commodity As aftermost weeks bullish beachcomber continues to body up the 2 and 4 alternate archive abide to book college highs As I looked through the 1 2 alternate archive and the 1 day archive I detected a few signs signaling assiduity of this new uptrend abnormally that the amount will not face any cogent attrition all the way up to 416
Key Resistance Points:
Let’s booty a attending at the 1 day (BTC/USD) archive from Bitstamp and artifice the 20, 50 and 100 EMAs (look at the beneath chart) . We can achieve the following:
By belief the 1 hour (BTC/USD) archive from Bitstamp (look at the beneath chart) and acute the 20, 50 and 100 aeon EMAs, we can achieve the following:
Conclusion:
As BTC amount breached the attrition akin at $353.5, we are best acceptable activity to see it acceleration to attack testing the attrition at $416 aural the abutting 48 hours.
Charts from Bitstamp, hosted on Tradingview.com
