Bitcoin Price Advancing Through Bumpy Chart Area
Bitcoin price is advancing steadily toward $240 and 1500 CNY. The market quickly abandoned ideas of trading to the downside as this attack on the previous area of price resistance reveals. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 11h19 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The move up has been deliberate and there is nothing in the indicators that contradicts price continuing. A previous high had negated the RSI high of Sunday's high, so price is free to....
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Bitcoin price is holding to a previous chart structure after finding support near 2900 CNY and $440. The 1hr 200MA has provided the support discussed in yesterday’s analysis. Currently price is holding an advancing line around the advancing Fib line that has defined price action for the past several weeks. Although the chart looks to be advancing we await a Buy signal before opening any position in the chart.
Bitcoin price is advancing after crossing above another longterm trendline drawn from the November 2013 all-time high. A bumpy ascent looks set to continue as price struggles through layers of divergence and resistance toward $300 / 1870 CNY. 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: 13h00 UTC. BTC-China 15-Minute Chart. From the analysis pages of xbt.social, 13h00 today: Not much has changed since the last update. Three....
Bitcoin price sold off from just below $450 to $430. The market may be wondering whether this is the start of a downtrend, but wave analysis shows that the advance has more upside in store. A sell-off has drawn a long red candle in the price chart and retraced advance since Friday. According to the wave count in the chart, bitcoin price is apparently extending its 5th waves and has just completed wave 3 of the larger advancing wave. The current sell-off would count as wave 4, and that implies another advancing wave – wave 5. The 4th wave (today’s sell-off) had targeted the area (magenta....
The Bitcoin price appears to be hanging precariously on the edge of a cliff. However, the failure to decline from current levels strengthens the case that a move up is due. Update. Time of analysis update: 19h35 UTC. A strong surge to the upside is approaching the 1.618 target at $398. The structure of the advancing wave is unusual and it will be interesting to see how it develops. The momentum of the advancing wave implies it will advance beyond the 1.618 Fib extension - if not today, then after a retracement. A resumption of the larger decline seems unlikely today. Bitstamp 15-Minute....
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....