Bitcoin Price Analysis: Sideways Then Down
Bitcoin price toys with gravity after a non-committal Fed rates hold. Few large players, who have little perceived need for Bitcoin’s features, have any reason to hold a slumping commodity while stocks push to new highs. The outlook remains the same as yesterday: the 1day and 3day charts are bearish, and we anticipate decline. The 4hr candle chart MACD remains below zero. The proposal is that the market is denying decline with irrational psychology, but without institutional (whale) support. Hence, a sideways corrective pattern is forming until the sell-off below $640 kicks in. $640....
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Bitcoin price has drawn sideways around $450 (Bitstamp) for most of the day before making a rounded push higher. The decline may be over but additional price action is needed so soon after the strong upside reversal. The attached 15-minute chart shows price action since early May. A few chart annotations relating to previous analysis are visible, but today’s analysis focusses only on the drop since yesterday. It is unclear whether price has found support at the $450 level, and will now begin another slow push higher, or whether the sideways price action is setting up the next leg of....
From yesterday's upside action were seeing sideways price action today. The sellers and bots are active, expecting more downside, but their's is a losing game: decline has a floor below, even if price pulls lower it must eventually go up according to chart dynamics. 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: 14h37 UTC. BTC-China 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of....
Bitcoin price has been drawing sideways near 1500 CNY and $242 during the past 24 hours. At the time of writing a wave to the upside is developing but it looks suspicious. 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. Price Analysis. Time of analysis: 16h39 UTC. BTC-China 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: Clearest in the BTC-China chart, there are buying spikes that may herald a move....
Litecoin has soared more than 6% since yesterday to $3.909 on account of short covering as the cryptocurrency enters into consolidation mode. The rise has brought the price closer to the resistance level of $4.100. I had mentioned in my previous analysis No Relief Seen! that the market participants should not confuse the ongoing sideways action with a base formation. It must be noted that only above the resistance line will a base be confirmed, but until then, chances are that it remains in a lower top, lower bottom structure. Technical analysis of the daily LTC-USD price chart tells that....
The Darkcoin price has dropped 0.15% against Bitcoin in the last 24 hours, while it has surged 2% against the USD. Like my fellow Dr. Tamer Sameeh predicted in the previous DRK/BTC analysis, the Darkcoin price continued to trend in a sideways consolidation in absence of enough trade volume. At press time, his prediction seemed to have extended into the March 9th trading session. Darkcoin Price 1H Cryptsy Chart. We have drawn two separate trendlines to indicate the constantly developing congestion in the Darkcoin-BTC market. The same could be indicated by the strictly parallel upper and....