Bitcoin Price Advancing For Second Day

The combination of upside regular divergence followed by an instance of reverse divergence to the downside, has the effect of continuing a trend. Once we see the reverse divergence fail to manifest while the Bitcoin price makes a new high accompanied by regular divergence – that is usually the sign that a high has been struck.

This analysis is provided by 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: 16h59 UTC

Bitfinex 1-Hour Chart

Bitfinex 15-Minute ChartBitfinex 15-Minute Chart

From the analysis pages of, earlier today:

The regular/reverse divergence dynamic is still at play and we wait for an indication of reversal – or – if this wave will surprise by just advancing beyond expectation. It certainly looks like a persistent advance in the making and if it holds above $230

Read more ... source: CryptoCoinsNews