Bitcoin Value Climbing The Fibonacci Ladder
Bitcoin trade seems to be targeting every Fib extension religiously this weekend with the price ladder even and patterned. The price wave topped out near $270 and 1660 CNY and has since fallen back to chart support near $250 and 1560 CNY. 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: 13h35 UTC. Bitfinex 15-Minute Chart. From xbt.social analysis pages, earlier today: Price is correcting around $255 and 1620 CNY. Once correction completes the next target is $270 and 1660 CNY. The target extension....
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While reading the interesting response by CCN journalist, Evander Smart, to a recent vote-of-no-confidence in Bitcoin value, it struck me that so many know so little about the block chain innovation. Price chart analysis and a brief value analysis are presented in today's article. 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: 15h29 UTC. Bitstamp 4-Hour Chart. In the transition phase between trend cycles, the Bitcoin speculative market is completing a third terrace of consolidation. In....
Bitcoin price broke above its 2019 high, and after that, took off another $5,000. The reason why the level was so critical to confirming a reversal back into a bull market, was due to the resistance residing at the golden ratio – based on the Fibonacci sequence. Today, to celebrate both Fibonacci Day and Bitcoin’s […]
Fibonacci.io website is now offline and the Scrypt ASIC Miners do not appear to be forthcoming. That's right. Scrypt ASIC miners are coming soon. Out of all the companies promising to deliver scrypt ASICs by mid 2014 (Alpha Technology, Flower Technology, and Fibonacci), Fibonacci Inc. is considered the most likely to ship first based on its CEO Jasin Hudgins' (alias jasinlee) posts and reputation on Bitcointalk and Litecointalk. The team has been working on their ASIC for a little over a year now. Just recently, Fibonacci's official website went online. The website seems to be in its very....
Darkcoin price has recently climbed against bitcoin, but it could find short-term resistance. Drawing the Fibonacci tool on the latest swing high and low on the 4-hour or 1-hour time frames from Cryptsy suggests an ongoing correction for the cryptocurrency. Darkcoin price is currently hovering around the 50% Fibonacci retracment level, which might keep further gains in check. An extension of the rally could last until the area of interest closer to the 61.8% Fibonacci retracement level or the 78.6% Fibonacci retracement level. The 50% Fibonacci retracement level is around 0.0115 and the....