Bitcoin Price Analysis: Gradual Accumulation
Bitcoin price reacted little to the Fed’s confirmation of additional rates increases during 2016. Half the market is passively accumulating via limit orders placed just below price, the other half is actively selling at market. In their announcement yesterday, the Federal Open Market Committee retained the target range for the federal funds rate at between 0.25% and 0.5%. The average of policy makers’ new “dot-plots” projects a rate of 0.875% by the end of 2016. The implication is that the Fed will enact two 0.25% rates increases during 2016. The US dollar weakened across the board, on the....
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Bitcoin price is making a gradual advance as the market chooses to forgo opportunities to resume decline. A strained upside push may accelerate, but for now it seems doomed to end abruptly. 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: 15h11 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price is pushing higher in a gradual upward curve, as opportune moments for decline are passed over in favor of....
Bitcoin trading took price for another plunge below BTC-China's critical 1500 CNY level today. Buying support pulled price back above 1500 CNY and $242 on two occasions before an upward correction set in. 1500 CNY looks set to be tested again. 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 Trading and Price Analysis. Time of analysis: 10h51 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has broken below the 1500 CNY support....
In this episode of NewsBTC’s daily technical analysis videos, we compare Bitcoin price action with Wyckoff accumulation schematics, price cycles and more. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 8, 2022 This video provides a detailed look at Bitcoin market cycles using Wyckoff theory and other cyclical tools. Is The Composite Man Behind Bitcoin Mark Down? Wyckoff theory is based on the idea that retail traders are regularly outsmarted by large operators he referred to as the Composite Man. It is also known for its phases of accumulation and....
Bitcoin price is holding above the rising support level near $276. Overhead, price faces some obstacles and may not advance immediately, but a larger advance seems more and more likely - with certain risk caveats, as outlined below. 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: 04h33 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: As discussed in yesterday's last analysis post, price has not been....
While reading the interesting response by CCN journalist, Evander Smart, to a recent vote-of-no-confidence in Bitcoin value, it struck me that so many know so little about the block chain innovation. Price chart analysis and a brief value analysis are presented in today's article. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 15h29 UTC. Bitstamp 4-Hour Chart. In the transition phase between trend cycles, the Bitcoin speculative market is completing a third terrace of consolidation. In....