Bitcoin Price Technical Analysis for 27/01/2016 – Breakout Looming!

Bitcoin Price Technical Analysis for 27/01/2016 – Breakout Looming!

Bitcoin price has been unable to pick a clear direction lately, with market participants holding out ahead of the top-tier market events this week. Perhaps the biggest market catalyst this week might be the FOMC statement, although no actual monetary policy changes are expected for now. Perhaps the biggest market catalyst this week might be the FOMC statement, although no actual monetary policy changes are expected for now. After all, the Fed just hiked interest rates by 0.25% in December and might be keen on preventing additional market volatility for now. Instead, market watchers will be....


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Bitcoin Price Key Highlights. After consolidating inside a descending triangle pattern for quite some time, bitcoin price finally picked a direction and broke to the upside. As predicted in the previous article, a breakout had been looming this week since price has been moving closer to the peak of the triangle. Bitcoin price could be in more gains from here, with technical indicators hinting that the upside breakout could be sustained. How High Can It Go? Bitcoin has just moved past the moving averages, which seemed to be the line in the sand for any gains. This suggests that price is....

Dogecoin Price Technical Analysis - Breakout Looming

Dogecoin Price Key Highlights. Dogecoin price continued to trade below 50.0 Satoshis, as there was not break either higher or lower. The price is still trading below the 50 level, which is a bearish sign and could take it lower. There is a breakout pattern forming on the hourly chart in the form of a channel that might act as a catalyst moving ahead. Dogecoin price struggling to gain momentum, which increases the risk of it moving lower in the near term. More losses ahead? There was no break yesterday in the Dogecoin price, and both buyers and sellers failed to gain momentum. The price was....

Bitcoin Trading Chooses The Upside

After analysis had been posted, yesterday, bitcoin trading bought price up in a surge above resistance. Although more upside may be in store there is another upside technical hurdle looming on the horizon. 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: 15h03 UTC. BTC-China 1-Day Chart. From the analysis pages of xbt.social, earlier today: The 1-day chart shows that yesterday's volatile move was technically justified: MACD....

Dogecoin Price Technical Analysis - Breakout Alert!

Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....

Bitcoin Price Poised for a Breakout, Technical Analysis Shows

A technical analysis chart of bitcoin prices suggests that the digital currency’s value is likely to shoot higher. Technical Analysis Shows A Pennant. The technical analysis chart of Bitstamp’s recent closing prices, originally published on Sober Look, shows that a triangular pattern known to technical analysts as a pennant has formed. Can a Pennant Signal an Upward Trend? This pennant pattern is generally observed when there is a large movement in the underlying asset followed by a consolidation period with converging trendlines followed by a....

Quotes

Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled network like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

Satoshi Nakamoto, Bitcoin Developer