Bitcoin Daily Chart Alert - Prices At 15-Mo. High; "The Trend Is Your Friend" - Jun. 24
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Editor's Note: Welcome to Kitco's Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim's unique and exclusive daily technical report is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.
(Kitco News) - Bitcoin-U.S. dollar prices have seen solid gains over the weekend and on Monday and have hit a 15-month high. Bulls have the solid overall near-term technical advantage to suggest still more upside price action in the near term. There are still no early technical clues to suggest this market is close to topping out. Remember in trading, “the trend is your friend” and prices continue to trend up. Remember to stay tuned right here because that’s where you’ll get more of those early chart clues on price trend changes, or price acceleration!--