Bitcoin Price Technical Analysis for 7/2/2015 - Advancing Slowly

Bitcoin Price Technical Analysis for 7/2/2015 - Advancing Slowly

Bitcoin price advanced to around $240 today after we spotted a bullish wave which started yesterday. Today's bitcoin price increase is highly considerable given the bearish wave that has been dominating the market throughout the past 2 weeks. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below charts), we can notice that today's trading led to a repetitive pattern of candlesticks. 3-5 green bullish candlesticks followed by 2-3 red bearish candlesticks which is a pattern that has been pushing the price upwards earlier today. Each bullish wave is followed....


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Bitcoin Trading Cautiously Approaching $300

Bitcoin trading has price straining to gain altitude. Advance is following an upward trajectory but the wave pattern is choppy - indecisive trade for the most part but with small surges that, at least, push to new 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: 05h40 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price is advancing with difficulty, but is slowly making progress along a cautious....

Bitcoin Price Technical Analysis for 3/2/2015 - Pending Bullish Stampede

Bitcoin price started the day by rising from around $236 to more than $248 before a bearish downtrend pulled the price down back to around $226 at the time of the writing of this article. As the price is advancing, it's logical to see downward price movements as traders take the profit by closing their long positions. Although the bullish rally slowed down today, it's quite obvious that bitcoin price won't break the $200 support level, maybe because of the psychological makeup of the traders who think that a bitcoin is worth more than $200. By plotting the Fibonacci retracement fan on the....

Bitcoin Price Noodles Down

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Bitcoin Price Advancing Persistently But With Difficulty

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,....