Bitcoin Price Back To Square One, Why This Could Be A Bearish Signal
Bitcoin price trimmed all gains and tested the $25,650 zone. BTC is now at risk of a fresh decline toward the $24,500 level in the near term. Bitcoin started a fresh decline below the $26,500 and $26,200 levels. The price is trading below $26,600 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline toward $24,500 in the coming sessions. Bitcoin Price Starts Fresh Decline Bitcoin price failed to climb again above the $27,000....
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Bitcoin is likely to enter a bearish market as a never-before wrong signal just got triggered. Bitcoin Headed Towards Bear Market? As pointed out by a pseudonymous trader on Twitter, there is a certain signal that has consistently been right in the previous BTC cycles. The signal in question is the Super Guppy indicator, a […]
Bitcoin price is pulling back from highs set earlier this week and fear is already setting in over another potential drop. Although the top cryptocurrency is bullish according to most technicals and fundamentals, last night’s daily close left a bearish signal on the BTCUSD price chart that could suggest the fear is warranted. If the bearish candlestick signal is valid and confirms, a sharp pullback could reset the recent rally almost completely. Here is a closer look at the potential “gravestone doji” and why it could put the nail in the coffin on the latest push by....
Ripple gave a false break (highlighted) when it closed above the arc. It was a buy signal which I tweeted, but then price fell back to the arc again. It happens. There is a 1×1 from the swing low which should support price at .32 (assuming the bull market is still intact). Below there is a good place for a stop, IMHO. DASH found support at the top of the square and is trying again to penetrate the 4th arc. A buy signal will be given when/if price closes above the arc. I looked at this chart the other day in response to a readers query (BCNBTC). At the time I thought that it might take a....
Bitcoin has been consolidating since hitting a low around 166. Price has rebounded above 300 briefly, and then retreated. Still, BTCUSD has been hanging onto the consolidation mode in what appears to be a triangle. With price action already so close to the triangle apex, a breakout is imminent, but it will not be of much significance by itself. Let's see what other technical clues we will need. Bitcoin (BTCUSD) 24/2/2015 Daily Chart. The daily chart shows that since price tagged 300, bearish candles have dominated. In fact, last Friday's bearish candle combined with the previous 4 daily....
Bitcoin price decline takes a break. The market is struggling to buy price higher in a correction, thereby, heralding the next wave of decline. Bitcoin price declined, as expected, on an xbt.social confirmation signal, yesterday. Overnight, a correction pushed back to the upside in the chart. A clear instance of RSI divergence accompanied the reversal as shown by magenta lines at the price lower low and in the corresponding RSI higher low. Given the fact that the 4-hour chart is bearish, with its MACD below both zero and its signal line, and that the 1-day chart is about to enter a similar....