bitcoin

Bitcoin daily chart alert – bears have the better week – Aug 23 – Kitco News


Editor’s Note: Get caught up in
minutes with our speedy summary of today’s must-read news stories and expert
opinions that moved the precious metals and financial markets. Sign up here!

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 futures prices are near steady in in early U.S. trading Friday. Bears this week have gained some downside technical momentum and are working on establishing a near-term price downtrend. There is strong technical support at the summertime lows. Bulls need to defend those summertime lows to avoid serious chart damage being inflicted. Stay tuned.



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.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.