Bitcoin Price Advance Rearing To Go
Bitcoin Price is rearing for a move higher. The consolidation below $400 is technically complete, and traders await the first signs of advance. Be warned that proximity to the daily 20-period MA, as well as, a New Moon opens the possibility of an unexpected bear attack. Analysis explores the potentials and their confirmation signals. Blockchain Quotes. Global Economy. Bitcoin Price Analysis. Summary. Comments. Blockchain Quotes. Amir Taaki in an interview with Aaron van Wirdum: This vision of Bitcoin as a faster, cheaper and better payments-network is simply not tied to any technological....
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Bitcoin price is slowly drawing sideways as the market adjusts to the prospect of advance. The mood is cautious but here and there a price spike to the upside reveals that the bulls are rearing to go in the weeks to come. 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: 14h40 UTC. BTC-China 15-Minute Chart. The wave up since $210 has been retraced to 38% and although 62% (or up to 99%) retracement is still possible for this wave to constitute an advance, even a drop to $200 would keep the prospect....
Bitcoin price is rearing to go and the community is optimistic for greater things for the conquering Bitcoin. Today’s post revisits the potential scenarios for price (explored yesterday) as we brace for interesting developments at the moment of block reward halving. The “halvening” is mere blocks away and the Bitcoin community is in a celebratory mood. This is a very good indication of positive social mood and we know what positive social mood leads to: buying. Although the expectation is for advance, it is not certain that price will surge at the moment of truth. As explored in....
Bitcoin price trend remains up. Advance should retake $630 in the coming days, but a correction may precede a push higher. Price continues pushing higher above its 200-period moving average in the 4hour candle chart (red). The chart is primarily bullish since we see the stochastics rising from oversold (magenta circle, top-right), but an ambiguous indication warns of potential downside as they’re flashing a red divergence dot. This represents a downside risk that traders should be prepared for: price may correct down to the 200MA near $587 before resuming advance. If price can push above....
Bitcoin price achieved $450 (Bitstamp) and 2900 CNY (BTCC) overnight. Since then price has entered a pullback that appears incomplete at the time of writing. A strange advance that is not yet surging above the long-term resistance it has just broken (grey trendline). The expectation was that the slow push higher would turn parabolic on the successful push through resistance at $430 (Bitstamp). In the 4-hour timeframe, RSI is reverse diverging to the December high and the advance must now push through a supply level that has been in effect since November of last year. Although the slow....
Bitcoin price has been rearing to go all weekend. Conflicting technical signals had both advance and decline as likely outcomes of the price consolidation on Saturday. By Sunday morning (UTC) the buy signals were unmistakable. 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: 15h51 UTC. BTC-China 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: We have buy signals....