Technical Analysis – BTCUSD set for more gains as bulls take the lead
Posted on December 18, 2017 at 1:32 pm GMTBTCUSD climbed to another all-time high during the Asian trade on Monday and hit the 19,383.50 level. The strong up-move happened after a break out of a narrow range of 15,038 – 17,496, shifting the bias to bullish. It is worth mentioning that bitcoin opened with a gap to the upside during today’s trading session but later pared some of the gains, creating a correction to the downside. Short-term trend signals on the 1-hour chart (50 and 100-period simple moving averages) are bullishly aligned as the 50-SMA posted a bullish crossover with the [..]