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Bitcoin Price Action Analysis for April 24th 2018
BTCUSD
, 1D
Long
BTCUSD: Bitcoin Price Action Analysis for April 24th 2018
03:39

Shorts got squeezed again today with the next level of resistance near the 200 day moving average of $9900.

Classic W Pattern on BTC-AMP
AMPBTC
, 1D
Long
AMPBTC: Classic W Pattern on BTC-AMP

Some thoughts on #BTCAMP. As mentioned many times previously, AMP is a super high probability setup. What we have here is a classic "W" shaped chart pattern with a very strong double bottom (the two flat lines). In many cases a double bottom is a good enough indicator to get long the asset, but in this case it is even stronger with the W formation and has a...

BTC-USD Death Cross Continues
BTCUSD
, 1D
BTCUSD: BTC-USD Death Cross Continues

BTC-XEM Double Bottom Forming
XEMBTC
, 1W
Long
XEMBTC: BTC-XEM Double Bottom Forming

After 8 straight down weeks, BTC-XEM could be bottoming, or even double bottoming. Lots of green volume down here. We'd need to finish the week green with a significant amount of volume to get better confirmation.

BTC-VRC Bullish Flag
VRCBTC
, 1D
VRCBTC: BTC-VRC Bullish Flag

BTC-VRC consolidating and flagging here.

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