Bitcoin Price Analysis: Slow Sunday Trade
Bitcoin price action has been slow during quiet Sunday trade. The bears continue preferring to place orders below price, rather than pro-actively trading the market. Upside is becoming strained but may continue grinding higher until more participation, on Monday, capitulates the bearish chart technicals. The different exchange charts are starting to diverge in their alignments and indications. The Bitstamp chart is not as bearish as the CNY charts and others, so let’s read it: The 1hr chart shows that the stochastics have now grouped at their upper extreme. MACD has not yet touched its....
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During weekend trade price returned to the level where this wave originated from at $218 and 1340 CNY. Sunday trade has seen price systematically approach the support floor at $210. 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: 16h19 UTC. Bitfinex 1-Hour Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: The conditions of our long trade were never fulfilled as price fell....
Bitcoin price has been rearing to go all weekend. Conflicting technical signals had both advance and decline as likely outcomes of the price consolidation on Saturday. By Sunday morning (UTC) the buy signals were unmistakable. 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: 15h51 UTC. BTC-China 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: We have buy signals....
Bitcoin Price has slowly edged lower in muted trade today. Small price waves and low volatility did not help as price came within a whisker of our target at $210 before turning back up. It seems the bears are attempting a soft-landing on $200. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 12h10 UTC. Bitfinex 15-Minute Chart. Analysis excerpt quoted from the pages of xbt.social earlier today: Still no discernible change in the market. The absence of volatility and the sluggishness of the small....
Bitcoin price entered an unimpressive decline today after days of setting up the move. It may be a slow start or we may be seeing price bottom out near 1500 CNY and $240. At the time of writing price is resolving a correction near 1510 CNY and $244 from where it should make the next drop to a supporting trendline 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: 13h51 UTC. BTC-China 1-Hour Chart. From the analysis pages of....
Bitcoin trading has corrected yesterday's advance and is now building the base of the next wave of advance. 1590 CNY and $256 (Bitfinex) remain tough resistance levels and 24 hours later trading has developed a knee-jerk sell reaction to this chart level. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 13h37 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social today: Price is still holding above the Fib line immediately below and making slow, but steady progress in building the....