Bitcoin Price Technical Analysis for 01/17/2017 – Calm Before the Storm?
Bitcoin price is stuck in consolidation as a potential breakout looms with top-tier catalysts on deck. Bitcoin Price Key Highlights. Bitcoin price is still treading sideways as traders wait for more market clues after the recent selloff. Price seems to be trending slightly higher on the short-term time frames, hinting that bulls are intent to keep losses in check. Technical indicators on the 15-min chart also suggest that further gains are possible. Technical Indicators Signals. The 100 SMA crossed above the longer-term 200 SMA on the 15-minute time frame, indicating short-term upside....
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Bitcoin Price is apparently charting a leveling decline as the bears struggle against persistent buying. Perhaps sellers just won't get that $200 low, or perhaps the lull is just calm before the storm. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 12h10 UTC. Bitfinex 15-Minute Chart. Analysis excerpt quoted from the pages of xbt.social earlier today: The wave up formed regular divergence (red) in RSI to signal its conclusion. The reverse divergence (magenta) identified earlier has now resulted....
Bitcoin remains at the same price level from last week, reinforcing the $600 support area for the entire new cycle. Meanwhile, technical analysis indicates that bullish consensus is getting stronger, increasing the likelihood of a rally from $650 to $820. 5th Elliott Wave forecasting, based on Fibonacci numbers, could be calculated to the technical objective around the $820 area, where several theories point to the delayed next stage. From there, a technical correction should send prices back to $700, giving stragglers a second chance to recalculate their strategies to join. After another....
Bitcoin is seeing a tepid start to this week as neither the bulls nor the bears exert any pressure on the other. The cryptocurrency looks relatively calm in the low-volume season, as do the technical indicators. Market participants should refrain from excessive trading in such conditions. Bitcoin is currently trading at $421.53. The technical indicators overlaid on the 4-h BTC-USD price chart from BITSTAMP are giving mixed signals. This, coupled with the lackluster price action, is compelling me to advise that this is a no-trade market, and one should wait for better opportunities to....
Litecoin price ranged between $1.78 and $1.83 throughout yesterday's trading sessions. The upcoming few hours are rather critical and will decide whether or not litecoin price will rise to test the next resistance level at around $1.93, especially that (BTC/USD) charts also seem indecisive at the moment. By studying the 1 day Bitfinex (LTC/USD) charts from tradingview.com, plotting the 20 day EMA (blue), the 50 day EMA (green) and the 100 day EMA (orange), calculating the RSI and executing the MACD indicator, we can conclude the following: We can draw Fibonacci retracements across a trend....
Bitcoin price has been bouncing along the $330 and 2100 CNY level for days. The benefits of bitcoin advance far outweigh those of decline, but a cynical sell-off seems to be opting for the worse of two options. 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: 15h49 UTC. OKCoin-CNY 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The OKCoin CNY exchange is visibly leading the decline and its 15-minute chart, above,....