Bitcoin Daily Chart Alert - Recent Pause Is Not Bullish - Jan 4
Editor's Note: Welcome to Kitco's new 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) - Notmuch new. Bitcoin-U.S. dollarprices have seen consolidative trading recently,following the big sell off in late-December. Trading late this week could beextra important. Price action recently has created a bearish symmetricaltriangle pattern, to suggest a downside price “breakout” from that pattern iscoming soon. Stay tuned!
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