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Bitcoin Price Busts Its Bollinger Band

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Bitcoin cost Bollinger Bands gave approach now as cost rolled over and forsaken by a second support turn to next $450. Additional decrease is now a certainty and we demeanour during some of a technical factors during work.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now and accept a $29 bonus regulating a formula CCN29.

Bitcoin Price Analysis

Time of analysis: 13h00 UTC

Bitstamp 4-Hour Candle Chart

Selection_20160519_002

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

Bitcoin cost is now next a 4-hour 200-period relocating normal (red) that was identified as vicious internal support in research during this week.

The crack now opens decrease to a long-term Fib line support that originates during a Jan 2015 low, annotated in grey.

The 4-hour chart’s indicators are given to oversold domain and indicate an ceiling improvement before additional decline: a stochastics are commencement to organisation during their smallest (magenta circle), RSI is deeply oversold (blue circle),


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