Bitcoin Price Decline Continues

Bitcoin price continues labored decline. Optimistic buying intermittently pulls price to lower highs while the technical indications in favor of additional decline are compounding. The most recent lower high had formed reverse divergence in RSI (magenta annotation), and we can expect another wave down today. Bitcoin price decline continues with effort. For now we observe the price reaction at the 1hr 200MA (blue circle). The next reaction level is the up-sloping support line. If price breaks below this line, then the primary target is $404 (at the purple circle) and a secondary target at....

Bitcoin price corrected over-night. At the time of writing decline has resumed and Gavin Andresen better call a truce in his personal stand-off with the Core developers or risk splitting off a Classic(TM) altcoin. No too much to comment on: a new low and progress toward the 4hr 200MA target. Still buying seems relentless – large buy orders are being placed (and executed) in the orderbook. Is it profit taking or are there really buyers in a market? Terse analysis for a clear fundamental breach: mess with Bitcoin’s fundamentals, and behold the holders sell. Bitcoin price decline continues.....

Despite a strong community and impressive marketing efforts, the Dogecoin price has consistently declined for the majority of 2014. Despite strong community support and impressive marketing efforts, the Dogecoin price has declined consistently for the majority of 2014. The reasons for the Dogecoin price decline are not immediately clear, although the decline may be related to Dogecoin's economic model. If Dogecoin does not recover soon, Reddcoin may challenge its place as the leading social and tipping currency. Dogecoin Price Decline Continues. Dogecoin investors should be worried.....

Bitcoin price slipped over the edge during weekend trade. Analysis looks at the basic chart indications and potential decline targets. The 4-hour Bistamp chart shows that the market sold price straight through $640 support, from where price has been slowly selling-off toward $600 and 4000 CNY. Although 4hr MACD signals Sunday morning’s decline (magenta circle), the stochastics (top panel) are grouping at their minimum, while RSI has achieved a previous lower low (horizontal blue annotation). The stochastic and RSI indications imply that price may need to correct when decline to $600 has....

Bitcoin price is creeping toward the edge of a precipice, but the question is: will decline make it to below the local support floor? Price continues conforming to our expectation of decline. Potentially, decline could target $320 and 2100 CNY, as per the pending abt.social trade recommendation. Since we do not, at this stage, know if price will sell through the support floor, we have to strategise and control trading risk. The circular trendlines (visible to xbt.social members) are not accurately “fitted” at this time, but a sharp drop will certainly confirm their influence, since price....