Bitcoin Price Edging Lower Prior To Surge?
There is still very little to deduce from the bitcoin price chart. Whether looked at in the larger or smaller timeframes, there are no definite signals to trade. The 15-minute chart moving averages are in disarray and the technical indicators hardly provide profitable signals. For example, the stochastics (second from top) signal a large number of conflicting divergence signals – but how to discern which one is a reliable entry signal? Some precede medium range moves, others – accompanied by MA cross-overs – result in tiny moves. The overall impression is that the market sentiment is in....
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Bitcoin price has, during the past three days, formed a series of lower highs and higher lows in a pattern that resembles the consolidation prior to a decline. There are technical indications that a pull lower is on the cards, but it may not get far. 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: 15h00 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The Bitfinex 1-hour chart shows the decline since the....
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....
Bitcoin Price action seems to be seeing out 2014 doing what it's done best all year. The decline is, by now, extended to the point of disbelief, yet it shows no sign of letting up. We take a look at some technical chart features that may present targets lower down. Bitcoin Price Analysis. Time of analysis: 13h00 UTC. Bitstamp 4-Hour Chart. Unlike the initial version of this Bitstamp chart that has been examined since Saturday's analysis, the 4-hour chart below is not in log scale but vanilla arithmetic scale. Changing the scale causes price to change the scale in relation to the existing....
Dogecoin price still continues to consolidate on its shorter-term time frames but zooming out to the longer-term chart reveals a downside bias. Looking at the daily chart of DOGE/BTC from Hitbtc shows that technical indicators also support a move lower for the dogecoin cryptocurrency against bitcoin: Price has been forming lower highs, reflecting a gradual buildup in selling pressure. Dogecoin price has also formed lower lows, which means that sellers are still trying to push the pair lower. Stochastic is moving between 60 to 40, just coming off the overbought area and indicating that....
Were you one of those who experienced problems with getting confirmations on your Bitcoin transactions? Well, it was a general issue, at least recently when Blockchain had almost 50,000 unconfirmed transactions and the number is receding. The rush of complaints about transaction confirmations taking longer than usual comes at a time when the price of Bitcoin is edging closer to the $ 700 mark. As at the time of this publication, the price of the top digital currency stands at $ 687 and that’s about a 5 percent increase since the beginning of the week from $ 656 on Sunday Oct. 23. When....