Bitcoin price continued into a fifth wave and a higher high today – finally breaking out of a ten-day sideways draw. The prospects going forward were discussed during last month’s analysis and remain unchanged. 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 Bitstamp 1-Day Chart From the analysis pages of xbt.social, earlier today: Price has continued higher and is making a new recovery high at the time of writing. The prospect, dicussed in early August, that price is forming a B wave prior to the final leg of decline now comes into focus. The action of climbing above the daily green 20MA…
Bitcoin price continues sideways trade in a narrowing range. Like most of this week’s analysis, today’s update presents no new information for regular readers, although incidental readers may be interested in the matter-of-fact commentary below. 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: 15h10 UTC OKCoin 3Month Forward 15-Minute Chart From the analysis pages of xbt.social, earlier today: Price is pushing higher within the defined range and now might be a good time to get out of the opportunistic long position suggested earlier in the week. The move may still continue higher but is unlikely to…
Bitcoin trading has picked up the pace as price moves more urgently around the chart, yet, in a smaller range. 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: 15h27 UTC OKCoin 3Month Forward 15-Minute Chart From the analysis pages of xbt.social, earlier today:Price activitiy is increasing but the range of motion has decreased during the past ten days. There is no sure sign in the chart of any specific directional move that is due: in one sense the current pattern resembles a consolidation prior to advance; in another sense, we might be looking at the initial stages of decline in a wave that could target below…
Bitcoin price has been going through the motions of ticking out a slow correction above $220 and below the 1-hour 200MA (red). The slow progress means there have been few analysis updates during the past days. At the moment there seems to be a signal in the 4-hour chart. 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: 04h18 UTC Bitstamp 4-Hour Chart From the analysis pages of xbt.social, earlier today: We have to remain patient since this condition may continue for a while. Keeping below the 200MA implies that price will eventually fall away to the downside. We have to keep two things in mind: 1) If price…
Bitcoin price has been spending time meandering around this area of the chart. There are some immediate signals having effect on price, but over all there is nothing to trade at the moment. 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: 15h04 UTC Bitstamp 1-Day Chart From the analysis pages of xbt.social, earlier today: The smaller timeframes do not give clear signals other than showing the zigzagging ascent followed by pullbacks. A long-term view, in the 1-day chart, highlights two immediate areas of interest in the chart: 1) Notice in the far left of the chart what had happened the last time the 20MA (green)…
Bitcoin price has been locked in a sideways course for the past week. We wait for a decisive move in one direction or the other to give more insight into the current price pattern. 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: 14h04 UTC Bitstamp 1-Week Chart From the analysis pages of xbt.social, earlier today: Slow price action for the past week and let’s take a step back and look at the 1-week chart. The recent high near $320 had caused reverse divergence to a Juanuary 2014 high. Hence, the subsequent downside was severe and we currently see price below both the 1w 20MA and 200MA. The fact that the…