Bitcoin price was massaged lower in the week leading up to the Fed rates hike announcement, and then eagerly traded up on the day. The chart technicals implied a bull trap and the sound of a can being kicked was its closing bell. 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: 15h23 UTC OKCoin 3Month Futures 15-Minute Chart From the analysis pages of xbt.social, earlier today: The Fed has declined their new unregulated shadow bank clients the lucrative opportunity of a rates hike. Its not a matter of if but when – and it was not yesterday. The bitcoin market got its knickers in a knot by trading price…
Bitcoin price has bounced from yesterday’s low and exuberant buying is trading price higher. For now the indications are that price is advancing in a correction – a bull trap. 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: 15h00 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: The wave up has reached our expected target but we now face a dilemma: The last hour’s candle closed above our designated contention zone. The implication is that this wave could push to the red 200MA in the 1-hour chart, and it is way more risk than we should tolerate. A buy signal is…
Bitcoin price declined from its previous consolidation area above $230 today. The move lower has fallen into 1-hour chart divergence and should now correct from current levels before resuming the downtrend. 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: 14h37 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: An earlier xbt.social analysis made a technical case in favor of raising our target for this trade from $207 to above $210. We retain our opportunistic take-profit orders at $180 and $150 as previously discussed. Your take-profit for the primary target should, therefore, be…
Bitcoin price is traveling under a bad sign. The possibility of strong decline from the current chart position is high but, thankfully, mitigated by established support below. Will the support hold? We cannot be sure and focus on building a short position regardless of where the bottom may be. 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: 15h41 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price has conformed to the expectations of our xbt.social trade recommendation thus far. Price is consolidating above $230; MACD (bottom) is training its zero line, the stochastics (top)…
Bitcoin price had fallen to new lows accompanied by indicator divergence and we now see the consolidation below support that allows us to build a short position. 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: 15h00 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: We have the condition described in yesterday’s analysis: price has made a new low accompanied by indicator divergence and the price pattern resembles the area we used for comparison yesterday. In that pattern price pushed higher until 1-hour MACD reached its zero line. The current MA alignment is a massive sell…
Bitcoin price has fallen below critical support – the 1-hour chart’s 200-period moving average – and invalidated our expectation of one more advancing wave. The current chart setup is bearish but prudent traders may want to wait before positioning aggressively short. 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: 14h43 UTC BTC-China 1-Hour Chart From the analysis pages of xbt.social, earlier today: Considerable annoyance at the market’s failure to meet the precedent pointed out in yesterday’s analysis… as was illustrated price had not, on any previous occasion, failed to touch the 1-day…