Bitcoin Price Technical Analysis for 08/12/2016 – Breakdown Alert!

Bitcoin Price Technical Analysis for 08/12/2016 – Breakdown Alert!

Bitcoin price could be in for a selloff now that it broke below the short-term channel support and is testing the next inflection point. Bitcoin Price Key Highlights. Bitcoin price was previously trending higher on its short-term time frames, moving inside an ascending channel visible on the 30-min and 1-hour charts. Price was rejected on its test of resistance and made its way back down to the channel support as expected. However, this floor broke down, signaling that a reversal from the uptrend may be in order. Technical Indicators Signals. The 100 SMA is still above the longer-term 200....


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Bitcoin Price Technical Analysis for 03/03/2016 – Breakdown Alert!

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Bitcoin Price Technical Analysis for 08/25/2016 – Breakdown Alert!

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Bitcoin Price Technical Analysis for 22/9/2015 - First Conclusive Sign of Breakdown?

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Bitcoin Price Technical Analysis for 07/22/2016 – Breakdown and Correction

Bitcoin price looks ready for a selloff but a quick correction from the breakdown might take place first, giving bears a better entry point. Bitcoin Price Key Highlights. Bitcoin price recently broke below the ascending channel support, signaling that a reversal from the uptrend is about to take place. Price bounced off the $660 area and appears to be making a correction from here. Bitcoin could retest the broken support around the $670-675 levels before resuming its slide. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA for now so the path of least....