Crypto News 

Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?

“Bulls will fantasize about a high volume spike propelling Bitcoin price through the $9,350 resistance and above the high volume nodes at $9,200 to $9,459” writes Horus Hughes for cointelegraph.com. In the short-term, clearing $9,350 could see Bitcoin price extend to $9,450 which marks the upper Bollinger Band arm.If $8,600 does not induce buyers then $8,300 could be the next stop for Bitcoin price as there is clear support here.On the daily timeframe, Bitcoin price is pulling closer to the 20-day moving average (DMA), which lines up with a volume…

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Crypto News 

Bitcoin Price Trapped Below $8,500 as Bears Call for a Drop to $6K

“Since the drop from $10,300, Bitcoin has been pinned in the $8,000 to $8,400 range with support at $8,000 and $7,850” writes Horus Hughes for cointelegraph.com. One can see that Bitcoin price has ridden right along the MA of the Bollinger Bands and met resistance once breaking above the upper arm in the $8,520 area.For the moment, Bitcoin appears to have stabilized and traders are hopeful that a strong move to $8,500 will occur over the coming days.A drop below the lower Bollinger Band arm at $7,338 is likely to…

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Markets News Stocks 

Trading guru Bollinger: U.S. stock market just flashed not one, but two, buy signals

“I used the theoretical Dow, a 21-day moving average, four percent trading bands, and Intraday Intensity calculated using the theoretical Dow” writes John Bollinger for marketwatch.com. In that context, it’s worth a close look at the trading system that generated them.It was the problem of having to adjust percentage trading bands that led me to create Bollinger Bands, specifically the need to make the bands adaptive to changing market conditions. Source: marketwatch.com

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News 

NBA aware of new Mavericks’ misconduct claims: Silver

“New allegations levied against a Dallas Mavericks employee grabbed the attention of commissioner Adam Silver on his trip to China for NBA preseason games” writes Midwest Communications Inc for 95kqds.com. Silver confirmed Friday he was aware of the Dallas Morning News story and the allegations made against former team photographer Danny Bollinger. Source: 95kqds.com

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