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    Tuesday, February 25, 2020

    [Daily Discussion] Tuesday, February 25, 2020 Bitcoin Markets

    [Daily Discussion] Tuesday, February 25, 2020 Bitcoin Markets


    [Daily Discussion] Tuesday, February 25, 2020

    Posted: 24 Feb 2020 08:04 PM PST

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    submitted by /u/AutoModerator
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    [Altcoin Discussion] Tuesday, February 25, 2020

    Posted: 24 Feb 2020 08:04 PM PST

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

    Other ways to interact:

    submitted by /u/AutoModerator
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    Bitcoin is trying to determine its direction, traders are losing their patience

    Posted: 25 Feb 2020 06:57 AM PST

    The Bitcoin price has reached the $9,500 level for the fourth time since Feb 19, creating a strong support area.

    Bitcoin Price Highlights

    • The Bitcoin price is trading inside a short-term descending channel.
    • It is most likely following a long-term symmetrical triangle.
    • The daily RSI is at a critical point.
    • There is support at $9,500.

    To conclude, the Bitcoin price has reached the bottom of its range and a minor support area. The price will likely bounce at the current level and begin moving upwards towards the range high.

    Detailed analysis: Source

    submitted by /u/DiggingTech
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