Bitcoin Price Bumps The $680 Ceiling
Bitcoin price looked to be advancing only to bump against the resistance ceiling. How to trade in the coming days (or weeks) is dependent on how the market negotiates $680. The decision not to open position – based on the unclear signaling and failure to establish above $680 (Bitstamp) – was prudent. Remember that, in trading-speak, when we say “establish above $680”, that means the trader wants to see the market open a price candle (1hr in this case) above $680 and also close the candle above $680. This did, in fact, happen at 04h00 UTC today 18 July, but the candle was a Doji (magenta....
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