Bitcoin Price Moving Sideways To Go Up

Bitcoin Price Moving Sideways To Go Up

Bitcoin price is engaged in base-building for the next wave of advance. The marke traded price down to our target at $230 in a corrective ABC wave from Wednesday's high. The next wave up should see price targeting $250 and higher. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 13h47 UTC. Bitfinex 15-Minute Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: A very....


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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....

Litecoin Price Technical Analysis for 9/4/2015 - Falling Channel

Litecoin has been bearish this week after failing to push above 1.72. The 1H chart shows ltcusd declining within a falling channel. Litecoin (LTCUSD) 1H Chart April 9th. Also, we can see that price is now trading under the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). This represents bearish bias. However, the moving averages have been moving sideways, which means there is no prevailing downtrend in the 1H chart and this week's downswing could still be part of a sideways market. If price pulls back but holds under the 1.67-1.68 area, then we would have more evidence....

Ethereum Price Technical Analysis for 24/11/2015 - Another Resistance Test?

Ethereum Price Key Highlights. Ethereum price is still stuck inside its range, finding support at 0.00285 and resistance at 0.00305. Price bounced off the bottom of the range as expected and is on its way to test the top again. Ethereum price could keep moving sideways, especially if the top of the range holds as resistance and spurs another test of support. Buyers Regaining Control. Technical indicators are suggesting that a bounce is underway, with stochastic and RSI both climbing out of the oversold region to indicate a return in bullish momentum. The average directional index is moving....

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....

Daily Bitcoin Price Analysis: The Power of Sideways Trend

As we expected, the BTC/USD pair was moving in a sideways trend yesterday. Without reaching the first level of support at $340 the Bitcoin price rate began to rise to $365. However, while Bitcoin is overbought and the Dollar is strong, bulls don’t feel optimistic enough. The main price factor today is the publication of the European Central Bank decision on monetary policy followed by speech of ECB President, Mario Draghi. During the first moments of the speech we can expect a highly volatile price on the Euro, which can affect the Dollar’s exchange rate, and, by extension, Bitcoin’s.....

Quotes

The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society.

Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Ne