28 Nov '15, 7pm

Bitcoin Price Uptrend Hurdled By The 1 x 1 Gann Angle - https://t.co/Kd6T8nB27q https://t.co/GryxQhNxuM

Bitcoin is now trading near the 1×1 Gann angle which reflects a relatively balanced market. On the other hand, price failed to rise away from the $350 resistance level as the uptrend was hurdled by the 1×1 Gann angle. Also, as shown on the below chart, in a few hours, bitcoin price will be testing an even stronger resistance point which corresponds to the point of intersection between the 1×1 Gann angle and the 23.6% Fibonacci retracement level at $357.31, so this relatively strong resistance level is rather hard to be broken at the current buying strength of the market.

Full article: http://thebitcoinpro.com/bitcoin-price-uptrend-hurdled-by...

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