Bitcoin Chart Analysis - Market at a Critical Juncture
Bitcoin Chart Analysis reveals that the market is at a critical juncture with regards to trend. Weekend trade wound sideways in a narrow range, but all the time approaching the long-term rising trendline that has supported price on three occasions during the past ten weeks. With the Silk Road wallet auction passing as just another day in the Bitcoin diary, and having failed to produce the fever-pitched melodrama that market participants seem to need in order to spur them in a direction, price had dropped away from its anticipatory high near $660 (Bitstamp). Is the market seeking out that....
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Bitcoin price was traded to a new recovery high on Tuesday and has since retraced just under 50% of the price move. The current chart shows that the downside may be incomplete but with indecision at the current juncture. 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: 16h16 UTC. OKCoin-3Mth 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Today's update was delayed for as long as possible, firstly, to see if price....
We mentioned during this past week’s analysis that the $3.50-55 area holds the key for Litecoin price. The price settled above the stated level this past week and traded as high as $3.64. There was a bearish trend line on the hourly chart, which was cleared to take the price higher. Now, it looks like a short-term top is created near $3.64, as the price corrected higher. However, the correction phase extended more than anticipated, and if sellers remain in control, then the price may head further lower.
Bitcoin value is holding price above support near $275 and attempts to sell price down have been foiled by strong buying support. Analysis considers market psychology at the current juncture in the chart, as well as potential outcomes. 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: 06h43 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The 1-day 20MA is currently located at $274.80 in the Bitstamp chart....
Bitcoin price has fallen away from the highs of Thursday and Friday and is being drawn back to critical support just above $230. Will price bounce or will it return to the week's lows? 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: 15h44 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The outlook is bearish at the 6hr and 12hr timeframes and thanks to xbt.social member santana for his multi-chart....
Bitcoin price is drawing sideways along a Fibonacci Fan line. While it would be highly beneficial to know the market's next directional move from the current juncture, it is just one of those times in the chart where even the market does not know what it will do next. 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: 07h46 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The 15-minute Bitfinex chart....