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George Samman is the co-founder of BTC.sx. He is also a former Wall. Street Senior Portfolio Manager and Market Strategist as well as a technical analyst. George holds the Chartered Market Technician (CMT) designation. Skype: firstname.lastname@example.org
The blowoff top did occur as price reached a high of ~US$500, before running into what is an area of major overhead supply.
The daily chart also shows a Golden Cross as the 50 day EMA has moved above both the 100 day and the 200 day EMA. This is a bullish sign.
The Bitcoin price is back above US$300 where it hasn’t been since the summer’s Grexit fiasco. This has been a strong up move, in which the last 7 days have been...
Bitcoin Price Analysis from CoinTelegraph
Bitcoin Price Analysis from Cointelegraph by George Samman (Week of October 19)
The Price has not only broken through the 50 day EMA, but has now moved above the 100 day EMA as well. A test of the 200 day at ~US$256 should occur. However, ...
In recent weeks there has been noticeably more volume on two of the major bitcoin exchanges: Bitstamp & OKcoin. The two charts below show the big increase in vo...
Bitcoin has been in a giant trading range all year. As the chart below shows, it’s been range bound between ~US$220 and ~US$300.
Bitcoin Price Analysis from CoinTelegraph.
Following the July 10 DDOS and CC attacks at OKCoin, the topic of socialized losses and the negative impact they have on trader’s accounts has come to light aga...
The Chinese government along with its Central Bank have taken extraordi-nary measures to halt the free-fall of its stock markets.
China’s stock market woes have been part of the reason for bitcoin’s recent rise in price.
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