Bitcoin Technical Analysis Monday 07 August

in #trading7 years ago (edited)

Here's what Bitcoins looking like for the next few days.

1 hour candles showing sideways trading the last 24 hours between $3270-$3166 bollinger bands narrowing and moving averages consolidating.

Difficulty Change in 2.5 days.

Segwit lock-in in 2.5 days.

Segwit Road-map.

It looks like were getting ready for another big breakout this week
All will be clear after difficulty change in 2.5 days, a big rise in dedicated hashing power will speed up activation period in Segwit and I think it will come earlier than expected possibly within the next 2 weeks.

Looking like upward mobility is definite...I would say buy

Disclaimer: Views contained are my own opinion based off of charts,trading is risky business do so at your own risk and dont trade more than your willing to lose.

Previous Bitcoin Technical Analysis

Chart source:

Difficulty Chart: Bitcoin Wisdom

Segwit Activation: xbt

Segwit Roadmap: bitcoinmagazine

Check out #chartart for more Technical Analysis.


Congratulations! This post has been upvoted and reestem from the new curation trail @animus.

Thanks for the info! Im also a trader and sometimes I only rely on my instinct

If your looking for my TA again can use #techa to find easily

You're also welcome to come and post on the #chartart tag that a few of us tech traders are using.


Thanks for the tag :)
Have added all my recent TA's.

This post has received a 6.00 % upvote from @lovejuice thanks to: @isacoin. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!

Excellent post, greetings ..

thnkyou buy BTC


This post has received a 0.87 % upvote from @bellyrub thanks to: @isacoin, @isacoin.

We think alike! Upvoted!
My analysis nailed the recent Bitcoin cash breakout and have made many profitable calls. Check it out:

dont spam your link in others posts