Bitcoin Versus Equities? How BTC Could Reverse 50% Correction In Coming Months
Bitcoin has been rejecting one more time in the upper levels of its current range. At the time of writing, BTC trades at $32,915 with a 5.1% and 6.3% loss in the 24-hour and 7-day charts. The price action of the last days has investors shifting from extreme fear to extreme bullishness. There seems to […]
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Bitcoin price is advancing in intermittent surges punctuated by hesitant consolidations. 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: 14h00 UTC. Bitfinex 15-Minute Chart. The Bitfinex 15-minute chart shows the massive reverse divergence (magenta) that had occurred between price and RSI as a result of the correction. Reverse divergence heralds trend continuation and should the correction put in another low it is of little consequence - trend is, technically, bound to continue advancing. Bitfinex....
As alerted in an update following publication of yesterday's analysis, bearish pressure has pulled the Bitcoin price into a deeper correction. The advance is on hold pending ongoing price correction. Most markets including Gold and equities are engaged in sudden counter-trend price movement - a condition that seems temporary. Note: a new BitFinex Bitcoin price chart and trade metrics are now available via CCN. Global Economy. Bitcoin Price Correction. Summary. Comments. Global Economy. Many strong reversals are evident across the board in the past 48 hours. The Gold price dropped to $1,227....
Ethereum price traded as low as $11.45 versus the US Dollar during the correction wave. Can it now recover and move back higher? Key Highlights. ETH price started a correction during the end of this past week versus the US Dollar. There is a minor bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance. The ETH/USD pair has to clear the trend line resistance in order to crawl back higher. Ethereum Price Gains. Ethereum price ETH after a solid bounce this past week started a correction against the US Dollar and traded as....
For the second day straight, Bitcoin is up while equities fall. Is this the beginning of a decoupling from traditional markets? @SmartContracter picked up on this trend yesterday by saying: “was very surprised to see this today, but there is nothing i would like more than to see btc break its correlation with equities.” However, […]
Ethereum price is currently under a correction mode and testing a support area versus the US Dollar. Can ETH/USD bounce sooner or later? Key Highlights. ETH price after trading as high as $13.34 versus the US Dollar traded lower and currently testing a crucial support. There is a major bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a support. The 100 hourly simple moving average is also currently providing support and protecting further declines. Ethereum Price Correction. Ethereum price yesterday spiked higher against the US....