Bitcoin Price Decline Incomplete
Bitcoin price was pulled lower today and began a corrective advance that has now paused. Analysis shows that at least one more small wave of decline can be expected. 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: 16h24 UTC. Bitfinex 4-Hour Chart. From the analysis pages of xbt.social, earlier today: Our short trade was closed on the last green candle in this 4-hour chart view. The question of what level the decline is targeting becomes....
Related News
Bitcoin price analysis provides some evidence that a new uptrend may be in effect. However, recent price action does not show the impulsive surge that normally follows a trend change. The analysis below lays out the evidence on the chart and forecasts the likely paths price may take. Brief. Since reversing from its low at $442 (Bitstamp) price has climbed above, and maintained, a mean price above $500. Even so, price action to the upside has been limp, and volume of trade has been lower than similar junctures in the past. Overall it would appear that downside is incomplete with the decline....
Bitcoin price climbed $6 in a quick move earlier today. Whatever price does between now and the looming decline is anyone’s guess. Price climbed back above the 1hr 200MA and should now, conceivably, continue higher. However, advance will be temporary, since the downside price pattern that started on the 27th of March remains incomplete. The converging grey trendlines above and below price will continue to constrain the market’s range until an ecosystem event catalyzes a breakout. Bitcoin price pushes higher to an unknown target. The move may re-attempt $430 or it may be over already. The....
The recent failed attempt on $300, followed by decline back to support, implies that Bitcoin trading has abandoned immediate advance and will meander - perhaps lower - before trying to advance the price again. This analysis is provided by xbt.social with a 9 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: 05h26 UTC. Bitstamp 4-Hour Chart. From the analysis pages of xbt.social, earlier today: The 4-hour chart indicators show that the recent decline has become oversold. MACD has turned....
A weak MA buy signal formed in the 15-minute and 1-hour Bitcoin price charts earlier today but traders did not take the bait. The market evidently lacked the motivation to trade price higher and tipped into an inevitable decline instead. 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: 16h53 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: Elliott....
Uneventful Bitcoin price action was livened up, today, by a spiking low to just above support. Price quickly returned to the vicinity of its 15-min 200MA and has been zigzagging in a slight upward trajectory ever since. 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: 17h00 UTC. Bitfinex 15-Minute Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: The chart remains....