Crypto Minute Webinar – Bitcoin Showing Signs of Accumulation
Bitcoin shows signs of accumulation.
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Bitcoin shows signs of accumulation.
The chart on the left shows bitcoin's daily heikin ashi candles (HA). These are trend-following and are in bitcoin's area of strength between the upper blue and red bands.
BTC/USD opens the week with profits and covers the losses from its poor start to the year, heading towards its second straight profitable month
Bitcoin is building momentum on the short-term timeframes.
Bitcoin weekly triangle continues.
Bitcoin spikes as significant short position reportedly covered.
Bitcoin moving averages will help determine when a trend is present.
In this week's " Crypt Minute," we consider bitcoin and ethereum. Both are trading in their respective neutral areas, with ethereum showing slight relative weakness. In addition, we discuss the implication of the EU parliament defeating a motion to ban proof-of-work.
Yesterday, the European Parliament's economic and monetary affairs committees defeated a motion to limit the use of the energy intensive proof-of-work.
Bitcoin remains neutral on the daily and is battling a key level on the hourly.
Bitcoin fades yesterday's strength.
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