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Bitcoin September 18 daily chart alert - Fledgling price uptrend in place

Kitco Media
By Jim Wyckoff
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Updated
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Bitcoin September 18 daily chart alert - Fledgling price uptrend in place teaser image

(Kitco News) - Wednesday, September 18—September bitcoin futures prices are a bit weaker in early U.S. trading Wednesday. Bulls are working on a price uptrend on the daily bar chart. Bulls and bears are on a level overall near-term technical playing field but the bulls have some slight momentum on their side. The direction in which prices push above the resistance line or fall below the support line seen on the chart will likely be the direction of the next significantly trending price move. Wyckoff’s Market Rating: 5.0 (out of 10.0). 

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Kitco Media

Jim Wyckoff

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.

Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a technical analyst for Dow Jones Newswires and as the senior market analyst with TraderPlanet.com. Jim is also a consultant with the highly respected "Pro Farmer" agricultural advisory service. Jim was also the head equities analyst at CapitalistEdge.com. He received his degree from Iowa State University in Ames, Iowa, where he studied journalism and economics.

Follow Jim daily on Kitco.com as he provides both AM and PM roundups and a daily Technical Special. 1 877 963-NEWS jwyckoff at kitco.com

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