Bitcoin Trading Sideways Below Strong Chart Resistance

Bitcoin Trading Sideways Below Strong Chart Resistance

Bitcoin Trading has price moving sideways as both bulls and bears consolidate for the inevitable move into strong overhead chart resistance. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 16h46 UTC. BTC-China 15-Minute Chart. From the analysis pages of xbt.social, earlier today: In the absence of significant developments in the chart, a review of price action over the past months confirms that our outlook is on track. A zoomed out view of the 15-minute BTC-China chart shows the interaction of....


Related News

Bitcoin Price Technical Analysis for 16/1/2015

The price of Bitcoin started moving sideways today, after yesterday's rise, but the buying trading volume is keeping the price well above the $200 resistance point throughout the day. By drawing the Fibonacci retracement fan along a trend line that extends from the high recorded in November 2013 and the low recorded earlier this month (look at the below chart), we can easily identify resistance and support points at this stage. By observing the 1 hour (BTC/USD) chart from Bitfinex on tradingview.com and extending the Fibonacci fans from the 1 daily chart (look at the below chart), we can....

Bitcoin Price Moving Up By Moving Sideways

Bitcoin price is attacking overhead resistance and is advancing in a strong wave toward $218. Price has been rejected by a sloping trendline at this level for several days. Will it break through this time? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 15h10 UTC. Bitfinex 15-Minute Chart. The past two days' sideways correction struck another low at 15h00 UTC and embarked, at first hesitantly, on a steady upward trajectory. By 15h20 the resistance, has not yet been reached. Price has bounced inside the....

Bitcoin Price Watch; Riding Out The Range Bound Action

Here's a look at what we are focusing on in the bitcoin price this evening. That’s another day out of the way in Europe, and despite what we said we’d be hoping for heading in to the session early morning, thing’s haven’t worked out that well. The bitcoin price seems to be stuck in a sort of sideways trading pattern right now, and it’s not even trading sideways at or near a key psychological level (say, a 00s). This means that we’re essentially stuck in a loop of up down, range bound action, until something happens to initiate a breakout. This....

Bitcoin Price Technical Analysis for 22/2/2015 - Slowing Down

Bitcoin price continued to approach the $256 resistance level territory yesterday, recording a high of around $248 and a low of around $243. The low trading volume of yesterday's market is the main reason why the price didn't rise up to higher levels. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the 20 hour EMA (look at the below chart), we can notice the following: Bitcoin price has been trading yesterday outside the trend lines we plotted on our analysis on the 20th of January; however, the price remained to exhibit rising support levels as shown by....

Litecoin Trailing Sideways: Congestion Forming

During the past few days, Bitcoin has faced a strong upside resistance around 220, indicating the buyers' hesitancy to enter the low valued market. For obvious reasons, the same market movements are getting noticed in Litecoin-USD charts where the price is moving sideways in the absence of mention-worthy trading volume. As price continues to stay between its prevailing support/resistance levels, the market volatility has subsequently dropped (the congested Bollinger Band in the 1H chart below). The lower volatility further indicates the positions that seem unattractive to new and seasoned....

Quotes

Bitcoin is Cash with Wings.

Charlie Shrem