Norway


Editor’s Note: Welcome to Kitco’s new Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim’s unique and exclusive technical is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.

(Kitco News)Bitcoin-U.S. dollar prices are slightly lower in early trading Wednesday. Recent price action, and the in volatility, has formed a bearish symmetrical triangle pattern. These triangle patterns are continuation patterns. Given that the most recent price trend has been down, technical odds favor a downside breakout from the triangle, which would likely push prices to a move for-the-move low. Stay tuned!


- Bitcoin 1205 - Bitcoin Daily Chart Alert – Recent Pause Is Not Bullish – Dec. 5




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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