Bitcoin Price Continues Edging Higher
Bitcoin price continues pushing higher in cautious but optimistic trade. Leading into major economic events, it is often prudent to stay out of the market. 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: 14h30 UTC. BTCC 4-Hour Chart. From the analysis pages of xbt.social, earlier today: The 4hr chart, although slow and applicable over days and weeks, is looking bullish. The 20- and 200-period moving averages are ascending, and price is....
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Bitcoin price continues edging higher in strained advance. A pullback is due. We now have a valid MA buy signal in the 1hr chart (not shown), but the conditions outlined in yesterday’s analysis remain unfulfilled for a long entry. Price should pull back from the present overbought conditions in the 15min and 1hr charts, form a base and give us a clear MA buy signal in both these timeframes. The target will be the intersection of the 1.618 Fib extension and the overhead resistance ceiling near $435 (Bitstamp). Bitcoin price is heading upwards, but a reversal seems imminent. Wait for the....
Here's a look at what we are focusing on in the bitcoin price this morning. Right then. We’re closing in on the end of the week, and it is time to start securing our bitcoin price takings with a view to ending the week on a net positive note. We’ve had a little bit of luck so far this week, getting in and out according to the rules of our breakout strategy, but we’ve also been chopped out on occasion on the intrarange side of things. For the last couple of days, however, there’s been a noticeable trend, with price edging to the upside, making higher highs and higher lows on the five-minute....
Litecoin Price Key Highlights. Litecoin price has been gradually trending higher against the U. S. dollar, mostly due to the latter's selloff in recent trading sessions. Price is currently testing the bottom of the ascending channel visible on its short-term time frame and might be due for a bounce. Litecoin price is on a steady uptrend these days and could be in for a much stronger bounce, as it is testing the rising channel support. Bullish divergence forming. Litecoin price has been forming higher lows while technical indicators drew lower lows, creating bullish divergence for both RSI....
After consolidating towards the end of last week, dogecoin price is showing signs of a correction on its short-term time frame. The cryptocurrency price is edging slightly higher at the start of the trading week and may be due for a pullback to the moving averages on the 1-hour chart from tradingview.com. DOGE/BTC is nearing the 100 exponential moving average, which has held as a dynamic resistance level in previous pullbacks. A shallow bearish divergence can be seen, as price made lower highs in March 11 and March 16 while stochastic drew higher highs. Stochastic is crossing down from the....
Bitcoin price pushed above $420 today and continues higher in a narrow channel of advance. Regardless of indicators at any timeframe and despite large sell orders above price nearly every step of the way, the persistent advance continues pushing higher. It is as if nothing can stop it. If a trader takes profit based on overbought indicators, they will soon regret their prudence since their only option will be to rejoin the trend – into overbought MACD, RSI and stochastics. While price holds within the advancing channel, the only option is to be bullish. Don’t read the chart indicators,....