Bitcoin Price Ranging In Coyote Country
Bitcoin price looked to be curving into advance today, but analysis shows the move is spent and must first pull back if it is to continue higher. Meanwhile, crucial support could be tested in the coming hours and days. The technical picture, earlier today [at xbt.social], suggested that price would make its way to the 4hr 200-period moving average (200MA, red) and this condition has now been fulfilled. The stochastics (top panel) have reached their upper extreme, MACD (just above price) is touching its upper Bollinger Band, and RSI has reached an overhead trendline that....
Related News
Bitcoin price teeters on the edge of a precipice like Wily E. Coyote holding onto an anvil. The roadrunner is further up the road at $680. Beyond lies the promised land of bitcoin price $2000. FOMC night is here again. While the 1day and 3day charts remain in a bearish state, we anticipate decline. The 4hr candle chart MACD remains below zero (magenta circle) and RSI keeps reverse diverging from price (blue annotations), which is vanilla flavor bearish in anyone’s TA textbook. The proposal is that the market is denying decline with irrational psychology, but without institutional (whale)....
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....
Here's a look at what we are focusing on in the bitcoin price this evening. Sometimes, we outline our key levels in the bitcoin price, and then action throughout the day disappoints. Specifically, when this happens, we generally see a ranging of price between the two levels in question, and a failure to break either resistance or support and, by proxy, a failure of our strategy to put us in any profitable trades. As things have turned out today, that’s exactly what has happened. Price basically bounced around our key support level for a short period, before ranging slowly towards....
Bitcoin price made an upside breakout from its symmetrical triangle but failed to sustain the climb, which suggests that consolidation could still stay in play. Bitcoin Price Key Highlights. Bitcoin price recently broke above a short-term consolidation pattern, possibly signaling its intention to head further north. However, price pulled back to the broken resistance just as quickly so the breakout may have been a result of a squeeze rather than a directional catalyst. Scrolling further back reveals that bitcoin price could be ranging between $960 to $1000. Technical Indicators Signals.....
Factors ranging from regulation in China to the Taproot protocol upgrade were driving bitcoin price charts to a decisive point for weeks.