Bitcoin Price Technical Analysis for 01/30/2017 – Triangle Breakout Due
Bitcoin price is stuck in a symmetrical triangle consolidation pattern for now and its breakout could set the tone for long-term action. Bitcoin Price Key Highlights. Bitcoin price consolidation has been getting tighter in the past few days as traders remain wary of ongoing industry changes. On the 1-hour time frame, a symmetrical triangle can be seen with price approaching the peak of the formation. A break past the triangle resistance around $930 could spur a longer-term climb while a move below support at $920 could trigger a selloff. Technical Indicators Signals. The 100 SMA is below....
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Bitcoin price is consolidating tightly in a symmetrical triangle pattern on short-term charts so a breakout could happen sooner or later. Bitcoin Price Key Highlights. Bitcoin price has been trending higher on the 1-hour time frame but seems to be hesitating once more. Price formed lower highs and higher lows visible on the 15-minute chart, creating a symmetrical triangle consolidation pattern. A breakout in either direction could ensue, giving clues about where bitcoin price could head in the long run. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA for now so....
Bitcoin price is still moving inside a triangle consolidation pattern but seems to be having trouble pushing for another upside breakout. Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation, moving inside a symmetrical triangle visible on its 1-hour chart. Zooming further back shows that price previously formed a triangle formation then broke to the upside. However, technical indicators are hinting that bitcoin price is having a tough time repeating this bullish performance this time. Technical Indicators Signals. The 100 SMA is below the 200 SMA for now so the path....
Bitcoin price could be due for a strong break out of its consolidation pattern, but traders still seem to be undecided which way to push. Bitcoin Price Technical Analysis. Bitcoin price is still stuck in its consolidation pattern visible on the 4-hour time frame. Price is already at the peak of the symmetrical triangle formation, which means that a breakout could take place anytime now. Technical indicators and market sentiment appear to be hinting at a downside break. Technical Indicators Signals. The 100 SMA is below the 200 SMA so the path of least resistance is to the downside. A....
Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later. Bitcoin Price Key Highlights. Bitcoin price formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price is still stuck inside that triangle pattern for now but a breakout might be due since it is approaching its peak. A breakout in either direction could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to....
Bitcoin price is trading inside a symmetrical triangle consolidation pattern and might be ready for a breakout. Bitcoin Price Key Highlights. Bitcoin price has formed higher lows and found resistance at the $616 level, creating an ascending triangle pattern on the 1-hour time frame. Price is currently testing the resistance and could be due for a breakout sooner or later. Technical indicators are giving mixed signals on where bitcoin price could go next. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance is to the upside. The chart pattern is....