Bitcoin cost allege accelerated currently and pushed to $400 (Bitstamp) and 2740 CNY. Although a cost improvement is overdue, a allege is relentless.
Bitcoin Price Analysis
Time of analysis: 15h00 UTC
OKCoin BTC/CNY Spot 1-Hour Chart
From a research pages of xbt.social, progressing today:
Pushing above a poignant insurgency identified in yesterday’s analysis, a cost pattern’s call count has been revised from an ABCDE structure to a easier ABC correction.
The OKCoin BTC/CNY draft shows a paradoxical signals that have characterized a past dual weeks:
1) The final call tip has strike mixed Fib prolongation targets – this implies that a deeper improvement (or reversal) should now set in.
2) The fact that a allege has left parabolic means that it is fraudulent to call a top. The tip might not be in, nonetheless a