Bitcoin Price launched higher in spectacular fashion shortly after publication of yesterday’s analysis. Price had spiked above $300 in some exchanges, and BTC-China momentarily achieved a high last seen in November 2014.
Bitcoin Price Analysis
Time of analysis: 13h39 UTC
Bitfinex 1-Hour Chart
From the analysis pages of xbt.social, earlier today:
In hindsight, the price action since the 8th, was clearly a base building phase. Price launched from the base above an MA buy signal [full xbt.social signal not shown] and began whipsawing just below $300 and 1900 CNY. Our xbt.social Trade Recommendation was issued just in time to take advantage of this wave. (CCN.LA readers were alerted to the buy opportunity in yesterday’s analysis).
RSI and MACD are showing divergence on the current subwave higher, and the stochastics (top)