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Bitcoin Price Analysis: Bear Junction

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Bitcoin cost continues teetering on a corner of a precipice. A intrepid bid to shun gravity, late on Sunday, has usually seen cost unemployment behind toward $650. Unless a buyers capitulate, a vast decrease seems inevitable.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. If we are new to trade or unknown with a concepts and research collection used below, allow to xbt.social to learn a ropes.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 1-Hour and 1-Day Candle Charts

Selection_20160725_006

From a research pages of xbt.social, progressing today:

An ABC visual settlement was expected in yesterday’s analysis:

If this call count is correct, afterwards we’d design a call C to aim a 1.618 Fib prolongation of call A during $664. This will also be a estimate turn of a 1hr 200MA, as good as a 50% retracement of a decrease given 18 July.

The C call did indeed aim a 200MA opposite sell charts and reached $665 in a Bitstamp draft before reversing (1hr chart,


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