Bitcoin Price Analysis: Between Trends

Bitcoin price has been holding above the 1-hour 200MA in some charts, and crisscrossing it in others. Common to all exchange charts is the support zone around $240 and 1500CNY. The market may trade price into advance or it may choose the low road. We look for the critical levels to trade from.

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: 17h00 UTC

Bitstamp 1-Hour Chart

Bitstamp 1-Hour Chart

From the analysis pages of, at 04h00 UTC today:

Price is unfolding in a pattern that matches the B wave anticipated in weekend analysis. The B wave now seems to be completing a subwave “c” to the upside. Addtional waves “d” and “e” may unfold, thereby drawing trade sideways into a MA sell signal. Or wave “c” may push higher toward the green Fib line

Read more ... source: CryptoCoinsNews