Bitcoin Price Technical Analysis for 5/3/2015 - Bulls Chained!
Bitcoin price dropped yesterday from a high of $284 to a low of around $267. Since the start of the new bullish wave on the 1st of March, bitcoin price failed for the first time yesterday to continue printing higher highs. Technical analysis shall give us clues of whether or not the bullish wave will continue on today to push the price to higher levels after yesterday's downtrend. By studying the 4 hour Bitfinex (BTC/USD) chart from tradingview.com, plotting the William's Alligator indicator and drawing a Fibonacci retracement fan across a trend line that extends between the high reached....
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