Bitcoin Price Weekly Analysis 28/2/2015 - Breaking Out of the Old Trend
The past week was full of action on the (BTC/USD) charts. Although the week started by a bearish wave that took bitcoin price down to around $231, a rather strong bullish wave took the price up to $263 yesterday. So, let's take a look at the week's charts to better understand the current market trend. Let's take a look the 4 hour Bitfinex (BTC/USD) charts from tradingview.com, plot the William's Alligator indicator and draw Fibonacci retracements across a trend line that extends from the low recorded on the 22nd of February ($232) and the high recorded yesterday ($263) (look at at the....
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