Bitcoin Trading Drooping Price Despite Bullish Desires
The Bitcoin price is slumping despite a market desire to advance the price. Certain parties outside the orderbooks have wanted a lower price tag on the crytocurrency for over a year and the sustained pressure for lower prices is finally achieving the lows. 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: 13h47 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? Manipulation at BTC-China and Bitfinex, or....
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Bullish and bearish outlooks on the crypto market can depend on the person holding the view. When talking about markets, both mainstream and crypto, “bullish” and “bearish” often come up in headlines and conversation, although such usage typically depends on financial knowledge and experience. What do the two terms mean?Bullish and bearish refer to market sentiment, seen collectively or expressed by an individual. If someone is bullish, it means they expect an asset or asset class to rise in price. Conversely, bearish refers to negative price expectations. Someone holding a bullish lean is....
Throughout Bitcoin’s lifetime, different people have participated in the network based on different desires.
Bitcoin price achieved a new high at $540 (Bitstamp) and 4000 CNY. The $550 resistance level remains untouched and should still be on the cards if the market can maintain momentum. Bitcoin price sold off rapidly from $540 in the Bitstamp chart and now looks to be either gearing up for the push to $550 resistance – or – for a correction lower. Corrective bitcoin price patterns are often ambiguous – looking similar whether they precede advance or decline – and it may be that the current drooping price pattern is a base for advance to $550. Let’s consider the technical indications. The....
Bitcoin price resumed increasing today, reaching a high of $247 as the market's trading volume is higher than yesterday's. As the bullish wave is building up, we can soon see the price heading up to $300 as soon as the $256 resistance level is broken. By examining the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below chart), we can see that today's trading has led to the formation of 7 successive green bullish candles, which is a sign denoting that the bullish wave has the strength to continue. We can notice that today's bullish rally occurred at approximately the....
Bitcoin price pushes higher, again, from horizontal support zone near $560. The outlook remains that the market is engaged in a sideways base formation prior to advance. Good upward continuation, today, toward the 4hr 200MA (red). We’re looking at the BTCC chart, since the reference Bitstamp chart is losing clear wave definition as price consolidates. Although the 1hr chart has started drooping, at the time of writing, the 4hr chart shows that additional upside is likely: 1) The stochastics have not yet grouped at their maximum 2) MACD remains above its signal line What we want to see is....