Analysis: Bitcoin Price Advancing to Target
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....
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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.....
Bitcoin Price has been advancing persistently and hit $260 / 1620 CNY during today's Asia-Pacific trading session. xbt.social analysis considers what lies ahead. 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: 04h59 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The advance is approaching target at $261 and 1621 CNY. Price has pushed relentlessly through resistance and into compounding divergence to....
Yesterday's 4-hour chart reversal signal had seen price turn down, but only briefly. The declining wave did not make a new local low and reverse divergence has forced price to the upside again. Technical analysis finds this advancing wave has little hope of making headway. 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: 17h09 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Here in the 1-hour chart,....
Bitcoin value (price) has rallied for the second day running and earlier reached a chart resistance level at 1590 CNY and $257. More highly valued bitcoins are always welcome, but it looks like the price chart will correct before advancing higher. 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 Value and Price Analysis. Time of analysis: 14h35 UTC. BTC-China 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The 1590 CNY ($257) resistance level saw a....