Bitcoin Chart Analysis - Bitstamp Sub $400 Targets
Bitcoin Sub Targets $400. BTC/USD rebounded off its upper channel trendline and has resumed the downtrend. This outcome was discussed last week and with Bitcoin price action remaining inside the decline zone, the implication is a return to the $400 price level. I am going out on a limb here, writing this Bitcoin chart analysis during the Asian session before the European session shows it's hand. Whatever I commit to writing here will be confirmed or invalidated during the next few trading sessions. Takeaway. Decline is in force. Price has been rejected by the decline's upper channel....
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The Bitcoin price chart can do impossible things and that it why we love it. Each and every Bitcoin speculator has an inner-vision of another spectacular rally, and of them holding bitcoins all the way up! While we wait for that rally, the chart makes fools of you and I. A move higher today, threatens to turn back down - but not too far. We look for targets. 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: 11h35 UTC. Bitstamp 15-Minute....
At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Bitcoin price began descending yesterday, 10 August, with acceleration becoming evident today during the US trading session. At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside seems inevitable, and chart analysis suggests that the current wave down may be the last. However, it may also be the strongest wave of the current decline. Before making a hasty trading decision, be sure to read the analysis below and take note of the likely....
Yesterday, the Bitcoin price hit target, to the pip, at $465.00 on the Bitstamp chart. Despite good news from many continents that show continued growth in Bitcoin, the price continues to stagnate. As always, Bitcoin's position in the world is constantly changing. Analysis considers the possibilities at mid-month as we go into the weekend. Bitcoin Price Targets. For two weeks running, price has been hitting 1.618 extension targets in an alternating upside-downside pattern. The Bitstamp chart below shows the progression. An interesting feature of the progression is that the targets are....
Bitcoin Price action seems to be seeing out 2014 doing what it's done best all year. The decline is, by now, extended to the point of disbelief, yet it shows no sign of letting up. We take a look at some technical chart features that may present targets lower down. Bitcoin Price Analysis. Time of analysis: 13h00 UTC. Bitstamp 4-Hour Chart. Unlike the initial version of this Bitstamp chart that has been examined since Saturday's analysis, the 4-hour chart below is not in log scale but vanilla arithmetic scale. Changing the scale causes price to change the scale in relation to the existing....
The Bitcoin price has advanced throughout both the Asian and European sessions today. Going into the US session price is still advancing with the first signs of divergence starting to show in RSI and MACD. Update 14h00 UTC. Apologies, Readers. I had incorrectly stated that the 1.618 target was at $495 on the Bitstamp chart when it is actually at $492.72. The upper trendline, shown on the 15-minute Bitstamp chart further below, cuts through $495 but does not overlap with the 1.618 level. Price has hit the weekly pivot R1 just below our upside target and should now retrace. Let's await....