Bitcoin Price Technical Analysis for 01/10/2017 – Early Bullish Signal?
Bitcoin price has been trading sideways recently but made an upside break from a short-term triangle pattern, signaling that buyers are putting up a fight. Bitcoin Price Key Highlights. Bitcoin price has been under a lot of downside pressure lately, thanks to warnings from the Chinese government on bitcoin exchanges and traders. Price has consolidated after its sharp drop at the beginning of the month as investors are now waiting for more clues. Bitcoin formed a small symmetrical triangle visible on short-term time frames and has broken to the upside. Technical Indicators Signals. The 100....
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Bitcoin price seems exhausted from its dive and might be looking to start a climb once more. Bitcoin Price Key Highlights. Bitcoin price was previously trading inside a descending channel visible on its 1-hour time frame but bulls seem to be putting up a fight. Price is starting to break out of its downtrend pattern, signaling that an uptrend might be in the cards. Stronger bullish pressure could push price past the next inflection points and onto the January 5 highs. Technical Indicators Signals. The 100 SMA is still below the longer-term 200 SMA so the path of least resistance is to the....
Dogecoin is still yet to recoup its price decline from last week, which saw it breaking below $0.3. Nonetheless, a key technical signal has emerged on DOGE’s price chart that could send the meme coin on a bullish path for the rest of the year. According to crypto analyst KrissPax, who highlighted this key technical […]
The past 24 hours have seen bullish momentum return to XRP, with the cryptocurrency now reclaiming the $2.5 price level. This bullish momentum comes after a seven-day stretch of range consolidation between resistance at $2.5 and support at $2.3. Despite this consolidation of the price, technical analysis shows that XRP is still trading in a bullish setup, especially on the daily candlestick timeframe. Notably, this bullish setup shows that the XRP price is about to make a new all-time high run to $5. Bullish RSI Divergence And Strong Support Set The Stage Technical analysis of the XRP....
Bitcoin price seems unstoppable in its climb as it kicked off 2017 on a strong bullish note with these candlestick formations. Bitcoin Price Key Highlights. Bitcoin price was off to a good start for the year, as three long green candles are forming on the weekly time frame. This reflects strong bullish pressure onto the first trading week of January, perhaps an omen of how price action could turn out for the rest of the month. Price has taken out the long-term resistance at the $1000 mark and is setting its sights on the next ceiling at $1100. Technical Signals. The 100 SMA is still above....
Bitcoin has risen more than 1% since yesterday to $295.76 as bulls made another attempt at crossing the supply hurdle. As technical factors come into play, we may eventually see a decisive breach of the resistance. In the last analysis Bulls Struggle At Resistance, I had concluded that Bitcoin is a buy on dips opportunity, and as can be seen, the price did dip to $286.43 before bulls rushed in to add Bitcoin to their portfolio and took the price to an intraday high of $297.44. Looking technically at the daily BTC-USD price chart conveys that even though the price rise is still capped by....