Bitcoin Price Pushes Out Of Consolidation
Bitcoin price finally begins advance after a long wait and sideways crawl. While the OKCoin 3Months futures chart is already in its second wave of advance and approaching the early-September highs, many of the USD exchange charts remain below their 1hr 200MA (red, as is the case with Bitstamp (above). Perhaps these exchanges will still catch up as successive bullish signals cascade through the medium (1hr, 4hr) timeframes. The large timeframes bullish bias is confirmed by today’s launch higher, and a bearish outlook will only come into focus when the 4hr and then 1day charts turn bearish.....
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Decentraland (MANA) price has been steady in the range of $0.75 to $1.05 as it hovers with intensified upward movement. MANA price on the daily chart is trying to hold the consolidation of the upper trendline from the lows seen on 2021 Decentraland price has managed to hover above 20 EMA and 50 EMA and warming up for the 100 and 200 DMA MANA price has spiked by 0.13% and currently trading at $1.05 Decentraland (MANA) has been sitting within the same region since June 2022. While MANA is looking for ways to escape the consolidation phase, the bulls are unable to maximize their gains. On the....
Bitcoin price has pulled lower into its consolidation zone. Although today has potentially bearish bias due to a full moon, there are indications and parameters that could see the advance pick up its pace. Not sure what we’re witnessing in the chart… according to our consistent xbt.social signalling method, the currently declining wave is most likely corrective and we do not seek to trade it. Hopefully, it can complete the ongoing correction so we can progress to the next advancing wave and see some clear and meaningful signals in the chart. An apparent advancing channel (blue parallel....
Bitcoin price pushed higher from the horizontal support zone near $660. The outlook remains that the market is engaged in a sideways base formation prior to advance. A push higher, today, from the horizontal support in the low $560s. The 4hr chart indicates ongoing consolidation, with MACD compressing and the stochastics (top) very quickly pushing back toward their maximum. We expect price to continue drawing sideways as the 4hr 200MA descends into the area of price – then the surge higher toward $600 and a larger advance – hopefully in the coming days. Price remains above its 1day 200MA....
Break of psychological threshold pushes largest cryptocurrency's year-to-date return to 70%, as a new breed of upstart tokens pushes industry market cap past $1.5T.
Bitcoin price continues trading into a narrowing range and the market seems to have foregone decline in favor of consolidation. The consolidation floor and expectations going forward are discussed below. Yesterday’s analysis stated that, barring a bullish resurgence, the 1-hour chart stochastics imply bearish bias. The hope was expressed that, if decline sets in, it will be contained above $500. Well, today’s chart saw price decline according to the stochastic indication and, additionally, it appears that the correction since the June high has reached a consolidation floor at Bitstamp $600....