Bitcoin Price Analysis: Topping out around the 50-day EMA
Price at the time this article was written is: US$238.38. Last week the article began with: “The Bitcoin price continues to be range bound. This appears to be looking like the top of that range. Last week the price was ~$225 USD as of this writing and now its at $238 USD. It has attempted a few times to get above $240 USD, which is proving to be major resistance. This is where the 50-day exponential moving average now lies. In the last few days price has tried to stay above this level and hasn’t been able to.” There has been quite a bit of good news lately (itBit fully regulated, Goldman....
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Bitcoin price was showing signs of topping since yesterday and after a strong push to 3100 CNY and $480 (Bitstamp) price plummeted $100 in some exchanges before recovering during the day. 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: 11h30 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social, earlier today: The analysis below was already written by the time I post this and the price correction has begun. Price has....
The Bitcoin price continues to be range-bound. This appears to be looking like the top of that range. Last week the price was ~$225 USD as of this writing and now its at $234 USD. It has attempted a few times to get above $240 USD, which is proving to be major resistance. This is where the 50-day exponential moving average (insert link) now lies. In the last few days price has tried to stay above this level and hasn’t been able to. As has been mentioned in previous articles the slope of all the EMAs (50, 100, and 200) has turned downward and this is starting to prove problematic. The price....
Ethereum classic price continued its uptrend and gained by more than 20%. However, I feel it may be topping soon for a short-term correction. Key Highlights Ethereum classic price surged higher against Bitcoin and traded close to the 0.0048BTC level. There is likely a double top pattern forming around the mentioned level, so the bulls need to be very careful. There is a bullish trend line formed on the hourly chart of ETC/BTC, which may act as a support if the price corrects lower. Ethereum Classic Price Resistance Ethereum classic price ETC surged further during the past 24 hours against....
Bitcoin Price advanced to just a few dollars short of our $260 target while BTC-China exceeded the target to 1,575 CNY earlier today. The topping process of the current advancing wave may print one more high in the chart. 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: 11h10 UTC. BTC-China 1-Hour Chart. Analysis quoted from xbt.social earlier today: BTC-China has reached the top of the channel formed by the advancing wave. This price level also corresponds to a 1.618 extension of wave A which is a....
A spectacular Bitcoin price surge has advanced to near $260 (Bitfinex) and 1638 CNY (BTC-China). The parabolic advance has left the market wondering about the next move and at the time of writing a bout of profit-taking has set in. The wave seems to be topping out in a familiar ending diagonal, whereby successive smaller waves punch to higher highs. 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. Bitfinex 15-Minute Chart.....