Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish
фото показано с : cointelegraph.com

2019-12-9 00:00

Despite Bitcoin’s slow upward price movement, higher time frames suggest new lows may be in store for Bitcoin

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Bitcoin (BTC) на Currencies.ru

$ 69960.55 (-0.14%)
Объем 24H $45.152b
Изменеия 24h: 3.04 %, 7d: -4.00 %
Cегодня L: $66916.68 - H: $70339.13
Капитализация $1383.691b Rank 1
Цена в час новости $ 7494.32 (833.51%)

bitcoin frames suggest time higher movement new

bitcoin frames → Результатов: 36


Bitcoin Cash Price Analysis BCH / USD: Bull Trigger

Bitcoin Cash has a bullish short-term bias, with the BCH / USD pair advancing to a new 2019 trading high Bullish inverted head and shoulders patterns have now been triggered on the four-hour and daily time frames Bitcoin Cash is increasingly likely to target the November 14th, 2018 swing high Bitcoin Cash / USD Short-term […] The post Bitcoin Cash Price Analysis BCH / USD: Bull Trigger appeared first on Crypto Briefing.

2019-5-16 16:21


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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half.

2019-3-13 22:26


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Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.

2019-2-23 02:23


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Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months.

2019-2-20 01:38


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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance.

2019-1-26 03:13


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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45