The bitcoin price chart has been sluggish with trade volume gradually decreasing during the past several weeks. The ever-present prospect of a potential price rally motivates most bitcoin speculators to continue hoping despite a protracted bear market. 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: 15h20 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: We’re finally seeing the 1-day moving averages consolidation that was discussed in Long-Term analysis at the beginning of the year. The only fundamental change that has happened since then is the consensus breach that…
Bitcoin price is not moving with conviction. This may be a sign of waning enthusiasm for the upside or it may be the usual doubt that accompanies a retracement low. 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: 15h52 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Analysis has been sparse during this period of market uncertainty. So far, price action has conformed to the expectation of the wave count posted in Wednesday’s analysis. The chart event that will invalidate the wave count is a breach of the 1-hour chart’s 200-period moving average (200MA, red). On…
Bitcoin price advanced to a new corrective high today before the market nervously started taking profit below $250 (Bitstamp). The chart technicals imply additional highs are in store. 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: 15h53 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price advanced to a new corrective high today and the move caused divergence in the momentum indictors as annotated in magenta. Typically, bitcoin price will now enter a cycle of compounding divergences – with upside divergence alternating with downside reverse divergence. Currently, price…
Bitcoin price pulled lower, today, in what appears to be a larger correction prior to a final wave of advance. While prediction is dangerous, especially about the future (Niels Bohr), there is some evidence in the cart that one more advancing wave is due. This analysis is provided by xbt.social with a 9 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: 14h54 UTC Bitstamp 15-Minute Chart From the analysis pages of xbt.social, earlier today: Price made a deep correction today and a wave count interpretation of the price action is annotated above. An Elliott wave count has the present low as a completed (or near complete) wave IV. We cannot yet be certain that the…
Recent controversy regarding alleged censorship at popular Bitcoin forums Bitcoin Talk and r/Bitcoin on Reddit in recent months has led to an exodus away from those previously popular forums. This brain drain has left people wondering if these forums are dying out. For that reason, CCN has put together a list of growing forums revolving around Bitcoin from various popular online portals. Reddit /r/bitcoinall – At the time of print, this subreddit has 528 readers. Its purpose is to bring together all of the various Bitcoin subreddits in one place, causing for considerable post frequency. This subreddit gathers from the following subreddits: /r/BetterBitcoin, /r/bitcoin_devlist, /r/bitcoin_uncensored, /r/BitcoinMarkets, /r/BitcoinSerious,…
Bitcoin trading launched price into a fast-paced corrective advance over the weekend only to lose momentum half-way to its destination. Trade spent its second day in sideways consolidation, today, reflecting uneasy and directionless global market conditions. 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 Trading and Price Analysis Time of analysis: 15h56 UTC Bitstamp 1-Day Chart From the analysis pages of xbt.social, earlier today: Since yesterday morning’s (UTC) push above $240 (Bitstamp), price action has been correcting sideways around $240. As can be seen from the daily chart, above, during the November 2014 push higher there were…