Bitcoin cost is pulling closer to a Nov shutting highs and technical research suggests a cost improvement to a downside is due.
Bitcoin Price Analysis
Time of analysis: 14h30 UTC
BTCC 1-Hour Chart
From a research pages of xbt.social, progressing today:
So far, so good for a trade from $315 and 2730 CNY that now seems to be reaching a ceiling.
The cost call might not retreat here, though pull laterally before another call of advance. Either approach a energetic stop detriment will take caring of profits.
Price is adult opposite a Fib line, as good as a Fib prolongation during this level. Additionally, a tradition stochastics are organisation during a tip of their operation and MACD is coming a top Bollinger band.
If cost continues aloft afterwards a subsequent beyond Fib line nearby a 3000 CNY psych turn should benefaction a greeting zone. The homogeneous Bitstamp/Bitfinex turn seems to be $450. Upon coming these cost levels a charts – during many timeframes – will