Bitcoin Price Holding To Line Of Advance

Bitcoin trading is holding to a straight and narrow price path. There have been no significant new highs or lows, and we wait for a more confident mood to set traders in a direction. The most obvious feature of the current chart is that trade is swinging price around the ascending red Fib line. Buyers have quickly pushed price above the Fib line on each occasion that it had fallen below. If the bulls capitulate and buy price higher from its current position at the Fib line, then they will strengthen the chart for continuing advance. If price returns below the Fib line then we may be in for....

Bitcoin price continues trading above support as 4,000 CNY and $600 holds. Slowing price action implies an imminent ramp-up in volatility, yet technical analysis suggests traders wait for additional consolidation. A bullish price pattern in the 1hr chart may be setting up a surge, however, a look at the 1day chart (above) shows that the indicators are not typically aligned for a strong wave of advance. Horizontal bars show the indicator configuration typically seen at the start of large waves of advance: price is above its 1day 200MA (red). Notice the position of MACD above its zero line....

Bitcoin price has corrected the past week's spectacular advance in five waves to the downside. The decline may be over or it may still reach lower in the days ahead. Let's see what clues there are in the chart. 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: 14h45 UTC. Bitstamp 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The 15-minute chart, above, shows a close up of price action during the past five days,....

Bitcoin price trend remains up. Advance should retake $630 in the coming days, but a correction may precede a push higher. Price continues pushing higher above its 200-period moving average in the 4hour candle chart (red). The chart is primarily bullish since we see the stochastics rising from oversold (magenta circle, top-right), but an ambiguous indication warns of potential downside as they’re flashing a red divergence dot. This represents a downside risk that traders should be prepared for: price may correct down to the 200MA near $587 before resuming advance. If price can push above....

Bitcoin price is holding above the rising support level near $276. Overhead, price faces some obstacles and may not advance immediately, but a larger advance seems more and more likely - with certain risk caveats, as outlined below. 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: 04h33 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: As discussed in yesterday's last analysis post, price has not been....