The DAO Chart Is at an Important Juncture in Time

The DAO Chart Is at an Important Juncture in Time

Today we will look at an 8-hour chart of DAO. As many here will be aware, it has been relatively lackluster ever since events of last June. There are two distinctly obvious ways to draw a bear setup on this chart. It is very hard, maybe impossible, to know which of the setups is the “best” one. There are many clues, but in the end, the fractal nature of the market makes any reasonable Gann setup work, at least for a while. Having said that, let’s look at this setup: We can see ample indications that the market respects the setup, as indicated by the arrows. I won’t bother pointing out the....


Related News

Bitcoin Chart Analysis - Market at a Critical Juncture

Bitcoin Chart Analysis reveals that the market is at a critical juncture with regards to trend. Weekend trade wound sideways in a narrow range, but all the time approaching the long-term rising trendline that has supported price on three occasions during the past ten weeks. With the Silk Road wallet auction passing as just another day in the Bitcoin diary, and having failed to produce the fever-pitched melodrama that market participants seem to need in order to spur them in a direction, price had dropped away from its anticipatory high near $660 (Bitstamp). Is the market seeking out that....

Bitcoin Price Plunges to Decline Lows

Overnight, Bitcoin Price made the plunge to long-term support currently near $270. This is an important juncture in the price chart, and the end of decline is finally in sight. Additional decline is possible, and market participants are advised to wait for confirmation that the low has been struck. Bitcoin Price Analysis. Time of analysis: 06h00 UTC. Bitstamp Daily Chart. The Bitstamp daily chart dropped very close to the rising long-term support near $270 and printed a low of $277. The price lows are not being confirmed by the RSI and MACD indicators that are showing severe divergence....

Bitcoin Price Without a Rudder

Bitcoin price has been spending time meandering around this area of the chart. There are some immediate signals having effect on price, but over all there is nothing to trade at the moment. 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: 15h04 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social, earlier today: The smaller timeframes do not give clear signals other than showing the zigzagging ascent followed by pullbacks. A....

Bitcoin Price Analysis: Critical Moment For Trend

Bitcoin price touched long-term resistance in the Bitstamp chart, today. Although the picture looks different across different exchange charts it is clear an important moment for the longer-term outlook has arrived. A persistent push higher looks different in different charts. The price action of the past few days has been building additional advancing waves, but the wave patterns themselves do not yet resemble impulsive advance. This does not mean that a rally cannot continue higher – bitcoin price sometimes moves in diagonal waves that consist of 3 wave patterns (ordinarily corrective)....

Bitcoin Price Heading Due East

Bitcoin price has traded sideways for three days and according to the bitcoin chart's average true range, a tipping point is in sight. 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: 14h30 UTC. OKCoin 3Mth 1-Hour Chart. From the analysis pages of xbt.social, earlier today: No substantial change from yesterday, and the 1hr chart continues conforming to the indicator and MA conditions at the previous juncture circled in the chart. One....