Bitcoin Traders Discuss the Likely Short Term Correction Case For BTC Price

Bitcoin Traders Discuss the Likely Short Term Correction Case For BTC Price

The Bitcoin price is hovering above $17,700 after an explosive overnight rally. Albeit the market sentiment is at its peak, some traders anticipate a healthy BTC price pullback might occur. Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said an average 30% correction would mark a healthy pullback for BTC. If […]

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Bitcoin Price Correction May Not Be over Yet

Bitcoin price correction was fierce, but short-lived. As this column is only updated every day or two, I don’t typically show short-term charts. But I thought this chart might be interesting for some who are following the column. This two-hour chart shows that the correction occurred almost exactly at the top of the 5th square of the setup. Interestingly, the rallies also accelerated as soon as the 2nd and 4th arcs were cleared. The correction went exactly to the 1×1 Gann angle (45 degrees). So we are once again confronted with the question: “What’s next?” As usual, I don’t know anything....

Ethereum (ETH and ETC) Price Trends (Week of November 21st)

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Ethereum (ETH) Price Trends: 5/24/2016

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