Bitcoin Price Indecision Weighs Down Chart
Bitcoin price was eagerly sold to a low just above $300 before advancing away from it in equally enthusiastic trade. Apparently stuck in a rut above the $300 security blanket level, the market may not move significantly until the Fed fires the lift-off starter-gun in December. 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: 14h09 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price corrected downwards,....
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Here's what we are keeping an eye on in the bitcoin price for Monday's European morning session. We are heading into a fresh weeks’ worth of trading in the bitcoin price, and with last week’s action giving us plenty to trade and discuss, we are hoping to get a similarly volatile market this time around. The underlying fundamentals certainly point to some indecision, but exactly what this means for the chances of a sustained directional bias (and in turn, a profitable breakout entry) isn’t totally clear. With indecision will often come some level of consolidation, and this might contribute....
Ethereum price started a correction after a monster decline. Can the price consolidate before gaining further or is this an indecision? Ethereum price declined heavily this past week and traded below the $7.0 level against the US Dollar. Sellers were completely in control and succeeded in taking ETH/USD down during this past week. However, the downside was stalled near $7.00, and the bulls managed to push the price back up. There was a bearish trend line formed on the 4-hours chart of Ethereum price (data feed via Kraken), which was broken to set the pace for a correction. After a break,....
Bitcoin price is back above $56,000 once again, after a tug-of-war between bulls and bears has led to a bit of a stalemate just as the April monthly comes to a close. The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. Here’s a closer look at […]
Litecoin continues to consolidate. In the 1H chart below we see a sideways range roughly between 1.80-1.90. Litecoin (LTCUSD) 1H Chart 25/2/2015. Here are some observations:1) The 200-, 100-, and 50-hour simple moving averages (SMAs) are clustered together. This reflects a market that not only has no direction, but has very low volatility. 2) Price has been whipping over and under the cluster of SMAs. This also reflects indecision, but we can already see that by looking at the sideways price action. 3) The RSI has tagged 30, but has been holding below 60 for the most part. This actually....
Bitcoin price was traded to a new recovery high on Tuesday and has since retraced just under 50% of the price move. The current chart shows that the downside may be incomplete but with indecision at the current juncture. 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: 16h16 UTC. OKCoin-3Mth 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Today's update was delayed for as long as possible, firstly, to see if price....