Bitcoin Feed

Saturday, 1 November 2014

Bitcoin Reverses After a Bearish Signal

livebitcoinnews posted a photo:


Bitcoin Reverses After a Bearish Signal


Bitcoin (BTCUSD) started the week with a break below last week’s 470 support, signaling bearish continuation at least toward the 442 August-low. After a pullback, price was still holding below the 50-hour SMA and a falling trendline, and the 1H RSI turned down after approaching 60. Essentially we had 2 bearish signals to start the week.


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