BCryptological

BTC being squeezed by 100/300 MA

BITTREX:BTCUSD   Bitcoin / U.S. Dollar
On the hourly chart the impact of the 100 and 300 Moving Average cannot be denied. While both were providing support until Monday, since then we have been trapped in an ever tightening range between the two. With both the RSI and Stochastic RSI showing indecision, expect a strong signal of BTC's future intentions for the next week from which MA we break through.

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Comment: Decisive break up above the 100MA - will now observe to see if it is a true break or a fake out.
Comment: Double fake-out! We're now back in the range between the 100/300MA.
Comment: Interestingly the 50MA seems to have taken over from the 100MA
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