Bitcoin Trading Sideways Below Strong Chart Resistance
Bitcoin Trading has price moving sideways as both bulls and bears consolidate for the inevitable move into strong overhead chart resistance. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 16h46 UTC. BTC-China 15-Minute Chart. From the analysis pages of xbt.social, earlier today: In the absence of significant developments in the chart, a review of price action over the past months confirms that our outlook is on track. A zoomed out view of the 15-minute BTC-China chart shows the interaction of....
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Bitcoin has presented before us an attractive trading opportunity to start the week. After breaking below a crucial technical support level, the digital currency has weakened considerably and may continue to depreciate in market value until it touches $230. Trading under pressure, Bitcoin is currently worth $234.97. Technically analyzing the 240-minute BTC/USD price chart reveals that the bulls will be under pressure in the immediate term and traders should consider going short in the counter on a rise. Bitcoin Chart Structure - As can be seen from the chart above, Bitcoin is currently....
The price of Bitcoin started moving sideways today, after yesterday's rise, but the buying trading volume is keeping the price well above the $200 resistance point throughout the day. By drawing the Fibonacci retracement fan along a trend line that extends from the high recorded in November 2013 and the low recorded earlier this month (look at the below chart), we can easily identify resistance and support points at this stage. By observing the 1 hour (BTC/USD) chart from Bitfinex on tradingview.com and extending the Fibonacci fans from the 1 daily chart (look at the below chart), we can....
Bitcoin price is attacking overhead resistance and is advancing in a strong wave toward $218. Price has been rejected by a sloping trendline at this level for several days. Will it break through this time? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 15h10 UTC. Bitfinex 15-Minute Chart. The past two days' sideways correction struck another low at 15h00 UTC and embarked, at first hesitantly, on a steady upward trajectory. By 15h20 the resistance, has not yet been reached. Price has bounced inside the....
Bitcoin price continued to approach the $256 resistance level territory yesterday, recording a high of around $248 and a low of around $243. The low trading volume of yesterday's market is the main reason why the price didn't rise up to higher levels. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the 20 hour EMA (look at the below chart), we can notice the following: Bitcoin price has been trading yesterday outside the trend lines we plotted on our analysis on the 20th of January; however, the price remained to exhibit rising support levels as shown by....
Bitcoin. Sometimes the best play is to just wait, and that seems to be the case for Bitcoin, as it continues to move sideways through an arc of resistance. As mentioned a day or two ago, this sideways movement might last close to another week. The latest daily chart follows: Those who have been following along will recognize that on the short-term setup, price is working its way through 4th arc resistance. The longer-term setup shows a similar picture. Interestingly, price is exactly at the point at which the 2nd of the arc pair will be hit, 90 degrees past the big jump of Sept 3. While my....