Bitcoin Price Technical Analysis for 04/27/2016 – Bearish Divergence Alert!
Bitcoin price could be due for a selloff at this major resistance level, as the market is overbought and profit-taking could happen. The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is to the upside. Also, the gap between the two moving averages is widening and this indicates that bullish momentum is getting stronger. However, stochastic is indicating overbought conditions and is ready to turn lower, possibly drawing sellers back to the mix. Similarly RSI is heading south so price could follow suit. More importantly, bitcoin price is showing a bearish....
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Bitcoin price holds a sideways course since the $550 high, and a brief advancing wave has paused at the time of writing. Some bearish technical indications are evident in the chart, but be cautious of selling just yet. Bitcoin price made a run for the upside during the hours prior to this analysis report. As we can see from the various magenta annotations in the chart, the move has caused divergence in various indicators and there are technical reasons to believe that price will turn down – even if it is just briefly. There is a caveat and it will be pointed out after looking at the....
The Bitcoin price advance is curving upward above $300 and 1900 CNY. The advance is so persistent that the technical indicators in the intra-day charts have become somewhat meaningless due to compounding divergence. Technical analysis considers the likelihood of a surprise reversal, as opposed to non-stop advance. 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: 18h34 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social,....
The 1-day Bitcoin price chart is looking more bullish every week, yet there are some immediate technical influences at smaller timeframes that are affecting price. Technical analysis looks at a bearish influence in the 4-hour chart that is presently pushing price down. 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: 05h38 UTC. Bitstamp 4-Hour Chart. From the analysis pages of xbt.social, earlier today: Price Action. The lower high in....
Many Bitcoin analysts agreed that Bitcoin would stop rallying after its price hits $14,500. The cryptocurrency looked overbought on medium-term timeframes, a technical alert that typically amounts to a downside correction. But the bearish calls took a backseat on Thursday as Bitcoin extended its upside above $14,500, coming less than a hundred dollars closer to […]
Key Highlights. Dash price continued to find support around 0.0116BTC where sellers struggled time and again. There is an RSI divergence formed on the hourly chart, which is signaling more gains in the near term. A break above 100 MA may push the price higher moving ahead. Dash price nonstop consolidation might be setting up for a nasty move having the potential to test 0.0124BTC. Break Possible? We have been following a bearish trend line on the hourly chart, which continues to stall gains and pushed the price back lower. There is a monster support building around 0.0116BTC that can be....