Focus
Bitcoin November 17 daily chart alert - Bulls fade a bit
(Kitco News) - Friday, November 17-November Bitcoin futures prices are slightly up in early U.S. trading Friday. The recent higher price volatility favors the bears, as it’s one early warning signal of a topping process in the market. Also, see at the bottom of the chart that the MACD indicator has just produced a bearish line crossover signal. The BC bulls do still have the overall near-term technical advantage but need to show fresh power soon to keep it. Stay tuned!-- Jim Wyckoff
|
|
Bitcoin bulls face test as BTC price corrects to $36k |
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
 |
