Bitcoin Trading, Greece Lightning

Bitcoin trading had price return to its 200-period moving average, yesterday, and today it fell away again. The return of Greece to the global economic stage on Sunday may see the important 200MA tested again.

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Bitcoin Trading and Price Analysis

Time of analysis: 15h38 UTC

OKCoin 1-Hour Chart

OKCoin 1-Hour Chart

From the analysis pages of, earlier today:

The stochastics (top) are dropping way from their upper extreme – after indicating divergence on the last high. RSI (second from top) has reverse divergeed to the upside on the last push above the 20MA while price did not make a higher high – a signal of downward continuation. We expect RSI to show strong divergence when price makes the final low for this initial small wave of decline.

Jittery Bouzouki

A familiar world political event comes back into focus tomorrow, Sunday: Greece’s delayed party elections.

The event has both political and economic dimensions, in that the ruling Syriza party might have to (according to Greek

Read more ... source: CryptoCoinsNews