Bitcoin Price Technical Analysis for 02/10/2017 – Bears Are Attacking!
Bitcoin price suffered a sharp decline, which might be a sign that the climb is over and that further losses are underway. Bitcoin Price Key Highlights. The recent sharp drop in bitcoin price turned out to be an omen for an even larger selloff, causing a break below the ascending channel support. This breakdown suggests that a reversal from the previous uptrend could be in the cards, possibly taking it down to the lows near $700. News from China combined with strong dollar demand triggered the huge selloff. Technical Indicators Signals. The 100 SMA is still above the 200 SMA on this time....
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Bitcoin price is encountering a lot of roadblocks on its move up north for now so bears might take advantage and push for a drop. Bitcoin Price Key Highlights. Bitcoin price is still moving inside its ascending channel pattern on the 1-hour chart but bears seem to be pushing for a downside break. Price has been hovering too close to the channel support for quite some time, which means that bulls are having trouble sustaining the climb. A break below the channel support could mark the start of a selloff until the next lows at $700-750. Technical Indicators Signals. The 100 SMA has just....
Weekend Bitcoin trading pulled price below $200 for a few hours today. The bears seemed to find renewed energy for a claw down only to run out of steam near $190. CCN presents summary analysis that finds technical clues of an advance to $260. 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: 13h30 UTC. Bitfinex 1-Hour Chart. There is little change in the chart and analysis since yesterday's chart that showed a Fib fan that has provided support to the recent decline. The fan is omitted in favor of....
Litecoin has gone berserk after breaking out of the trading channel post a brief period of sideways consolidation. The price has jumped an earth shattering 59% since yesterday to hit a fresh 2015-high of $3.194. As the cryptocurrency loses some steam, the price has come down to $2.850. Litecoin's latest price action would have killed the bears, or at least made them broke. But now, even with the unprecedented rise in bullish strength, it isn't worth to buy Litecoin when it has attained stratospheric valuation. Technical analysis of the 240-minute LTC-USD price chart conveys that the....
Bitcoin Price is apparently charting a leveling decline as the bears struggle against persistent buying. Perhaps sellers just won't get that $200 low, or perhaps the lull is just calm before the storm. 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: 12h10 UTC. Bitfinex 15-Minute Chart. Analysis excerpt quoted from the pages of xbt.social earlier today: The wave up formed regular divergence (red) in RSI to signal its conclusion. The reverse divergence (magenta) identified earlier has now resulted....
At the current price of $247.66, Bitcoin is trading more than 2% down from its 24-hour high of $253.75. The downward trend is still evident in the digital currency and bears are entering the market on every rise. It is also expected that volatility will play a major role in the price action going ahead. Presented here is the technical analysis of the 240-minute BTC/USD price chart which makes a strong case for the sellers. Fibonacci Retracements - As can be seen from the chart above, the rise from yesterday's $245.27 to a high of $253.75 was considerably subdued by fresh selling.....