Bitcoin Price Analysis: Still Waiting on a Big Move … or Any Move (Week of May 24)
Price at the time this article was written is: US$237.44. Last week, the article began with: “The good news continues to be discounted, which generally isn’t indicative of a move higher. On the other hand, there’s an old adage which applies here: ‘Never short a dull market.’” Resolution of this range should come soon and it could be a big move since there has been less and less on-exchange liquidity in recent months. Technically we are pretty much in the same place with perhaps a more bearish leaning slant since price is having so much difficulty staying above its 50 day EMA. As has been....
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Ethereum price weakened this past week versus the US dollar, and currently waiting for ETH/USD buyers to step in for a recovery. Key Highlights. Ethereum price traded lower against the US Dollar this past week, but remained above a major support. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a support area. As long as the price is above the trend line support, there is a chance of an upside move. Ethereum Price Correction. Ethereum price ETH was seen struggling throughout this past week against the US Dollar and....
Price at the time this article was written is: US$235.69. Last week the article began with: “The indicators continue to remain in neutral territory. This move still appears to have limited upside and appears to be topping out as volume and momentum have not followed the price higher and many of the indicators have flattened out. This continues to be the case. The price had a move to break nicely above the 50 day EMA but could not hold and has since retracted. The trading range continues to get tighter and a move should be expected very soon one way or the other.
Bitcoin price made a new corrective low today of $239 in the Bitfinex chart although the BTC-China low of 1489 CNY made on the weekend remains intact. Price is currently pushing higher - away from the day's low. 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: 16h58 UTC. From the analysis pages of xbt.social, earlier today: Massive orders are building up just below $240, so it is possible that price could bounce at this level to return....
Bitcoin price surged high further as forecasted in the last weekly analysis of BTC/USD. Now can the pair trade towards the $750 level this upcoming week? Key Points. Bitcoin price gained a lot of traction this past week versus the US Dollar, and traded higher above $700. There is a monster bullish trend line formed on the daily chart (data feed from SimpleFX) of BTC/USD, which acted as a catalyst for an upside move. If the current momentum continues, there is a chance of a move towards $750. Bitcoin Price Upside Surge. In the last week analysis, I mentioned that Bitcoin price is in an....
Dogecoin Price Key Highlights. Dogecoin price continued to consolidate and setting up for a huge move in the near term. 0-64.0 Satoshis is a key support area, which is a monster pivot zone for both buyers and sellers moving ahead. Dogecoin price consolidating in a tiny range for this long is a warning sign, and could ignite a solid move ahead. The Dogecoin price does this often as it trades in a small range for some time and then trades or we can say spikes in one direction to surprise traders. This past week the price traded in a tiny range, but there was still no break. We were waiting....