THELOGICALINDIAN - Bitcoin amount skyrocketed beforehand today to book a aerial of about 370 Just like we predicted forth yesterdays assay bitcoin amount soared appropriate afterwards bypassing the attrition akin at 3301 The amount surged to aperture the attrition at 350 afore bottomward beneath it as bitcoin is now trading at 347
Let’s appraise the 1 hour (BTC/USD) archive from Bitstamp (look at the beneath chart). We will accumulate the Fibonacci retracements we advised during yesterday’s assay and assassinate the academic oscillator. We can agenda the following:
The “Rubber bandage effect” is a Wall Street appellation that refers to bouncing of the amount of a banal afterwards a ample bazaar sell-off, so is this amount billow a “rubber bandage effect”? I would adulation to apperceive your thoughts on this.
Bitcoin amount soared beforehand today to book a aerial of $370; however, the beasts didn’t administer to accumulate the amount aloft the $350 level. The academic indicator is at a amount that is in favor of a added acceleration that can booty bitcoin amount to analysis the attrition at $370 aural the abutting 24-48 hours.
Charts from Bitstamp, hosted on Tradingview.com
