Bitcoin Price Drop Stays Above Chart Support
Bitcoin price dropped sharply today as apparent nervous profit taking took hold. Price remained above critical 4-hour chart support in the form of the 200-period moving average. 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: 16h59 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: The sell-off was unexpected, but then, it is an ABC correction that....
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Ethereum was able to clear the $1,650 resistance against the US Dollar. ETH might rise further towards $1,800 if it stays above the $1,625 support. Ethereum was able to slowly move higher above $1,640 and $1,650. The price is now trading above $1,650 and the 100 hourly simple moving average. There is a major rising channel forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $1,625 support zone. Ethereum Price Starts Recovery Ethereum was able to start an upside correction above the $1,600....
Bitcoin extended losses and traded below $19,600 against the US Dollar. BTC could start a recovery wave if it stays above the $19,300 support zone. Bitcoin remained in a bearish zone and settled below the $20,000 level. The price is now trading below the $19,600 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $19,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a recovery wave if it stays above the $19,300 support zone. Bitcoin Price Reaches Key Support Bitcoin price started a fresh....
Key Highlights. Bitcoin's price is forming an interesting bullish structure, which is pointing towards more gains in the near term. There is a support trend line formed on the 4-hour chart (data feed from HitBTC), which may act as a catalyst for an upside move. A short-term breakout pattern (triangle) is forming on the hourly chart (data feed from Bitstamp). Bitcoin's price looks set for an upside move, maybe above $500 if buyers remain in control, and if the price stays above a support trend line on H4. Buy Dips? Bitcoin's price-after trading towards $300-started a new bullish trend, and....
Bitcoin price dropped today to a low of $228.45. It seems that the buying power of the market didn't succeed in maintaining the price above the $256 support level for a long time. By looking at the 1 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the 20 day EMA on top of the chart, we can see how bitcoin price exhibited a rather steep drop from $268.34 to around $228.45 today. The bearish wave seems to be gaining strength as shown by the 7 successive red bearish candlesticks on the 1 hour chart. Also, the price has been trading below the 20 day EMA during most of today's....
Bitcoin price fell slightly below the $220 support level to score a low of $214 before rising up again to $221.71 at the time of my writing of this article. Bitcoin price overshot below the $220 support level; yet, it rapidly corrected itself to rise above $220 during later trading sessions. By looking through the 1 hour (BTC/USD) Bitfinex charts fromtradingview.com (look at the below chart), we can notice how the price dropped to $214 yet the downtrend was reversed a few hours later and pushed the price above the $220 support level. As shown on the below chart, we can see how bitcoin....