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Cryptocurrency Analytics from FXOpen. 24/03/2015

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andref

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Posts: 2708
Location: in sistem

Bitcoin is little changed since our last article last Thursday. The virtual currency ended the rally last week and it’s been trading in a range between $250 and $266 for the past five days. Litecoin on the other hand, never had its rally. The altcoin tested the low of its range at $1.66 but failed to break lower.

Bitcoin Traders Wait for Next Move

Bitcoin prices have been stuck trading aimlessly up and down in the past few days as traders are waiting for the next big move. The winding down of the rally took out any momentum from the moves.

Read More https://blog.fxopen.com/bitcoin-little-changed-litecoin-tests-1-66/

Posted on March 24, 2015 at 6:30 AM
Last Edited: March 24, 2015 at 6:31 AM

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• Bernhard

  

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  Posts: 425
  Location: Morocco

  the last move can be a retraice to go up and break resistance or either the beginning to continue the down trend. R is not jet reached, I see it more at 307. Anyway you miss a important fact in your analisiy and that is volume. volume give good information with bitcoin

  http://prntscr.com/6l5kge

  Posted on March 25, 2015 at 6:27 AM
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