BTC Tech Analysis [03.22.18]
![Pu2E2zuk[1].png](https://steemitimages.com/640x0/https://steemitimages.com/DQmdFjUujL71FFxhhEHkJXu4CMDhnpGBQrNgaBd4Hv6x6JF/Pu2E2zuk%5B1%5D.png)
Bitcoin came up higher approaching 21 MA. In case BTC breaks up the 21 MA it could gain more value. On the other hand the opposite could happen if traders sell large volume for profit.
Target H:9.5k L:8.5k
NOTES:
- This is not financial advice so please do your own diligent before investing
- Never invest more than you can afford to lose
- Technical Analysis is not pure science
- Market is not something that can be predicted accurately because of the behaviors of investors
Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
It looks like we are holding up better than I thought. I’ll be interested to see where we are at tomorrow.
thx for yr feedback
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