Market Jitters As Bitcoin Price Approaches $300
A swift Bitcoin price correction from $295 and 1838 CNY erased a lot of today's gains. Although the market seemed more intent on advance during today's session, the return of selling nerves may see the correction linger for a while. 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: 16h54 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The price reversal happened from a lower level than anticipated and....
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Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through. The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges. Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.Just learned a new word, jitters. On 1 particular exchange, sometimes your....
An analyst is expressing apprehension regarding the price movement of XRP, cautioning that the cryptocurrency may be on the brink of a significant decline. A bearish price pattern is forming on the charts, which, if confirmed, could result in a significant selloff. This is the source of the jitters, crypto analyst Steph said. Some traders are now of the opinion that the future of XRP is contingent upon its ability to maintain a critical support level. Related Reading: $931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters Head And Shoulders Pattern Causes Concern The chart of XRP....
Bitcoin’s price action as of late has been driven by a combination of recent news developments, jitters within the macro-economic environment, as well as technical weakness. That being said, these factors have not been enough to push the benchmark cryptocurrency below any crucial support levels, as it is still trading within the macro trading range […]
Last week was the first down week for bitcoin in awhile, although we can’t say it wasn’t expected considering the technicals had been telegraphing a correction since we broke up through $700. Now price is hovering around that $700 level on what we think are pre-election nerves. Last week was quite interesting from a price action perspective given that we reached a high of $745 before breaking near term market structure thus allowing the bears to get active. Additionally, rumors swirled about China cracking down on bitcoin capital outflows, a still unconfirmed theory, which combined with a....
In traditional markets, the S&P 500 remained steady throughout the week, finishing on 3,722. In Europe, the STOXX 600 rose marginally, finishing the week on 395. And here in the UK, it was a different story, with ongoing Brexit negotiations and the uncertainty surrounding No Deal sending jitters through the FTSE All Share; it finished […]