Bitcoin cost movement has been delayed during still Sunday trade. The bears continue preferring to place orders next price, rather than pro-actively trade a market. Upside is apropos stretched though might continue harsh aloft until some-more participation, on Monday, capitulates a bearish draft technicals.
Bitcoin Price Analysis
Time of analysis: 15h00 UTC
Bitstamp 1-Hour Chart
From a research pages of xbt.social, progressing today:
The opposite sell charts are starting to separate in their alignments and indications. The Bitstamp draft is not as bearish as a CNY charts and others, so let’s review it:
The 1hr draft shows that a stochastics have now grouped during their top extreme. MACD has not nonetheless overwhelmed a top Bollinger Band and RSI has not nonetheless convincingly diverged to a prior highs, as illustrated with a blue arrow