Wednesday, October 18, 2017
Home The Bitcoin News Bitcoin Price Continues Medium-Term Decline – CCN: Financial …

Bitcoin Price Continues Medium-Term Decline – CCN: Financial …

Bitcoin Watch Shop
Advertised sites are not permitted by us. They might be unsafe, untrustworthy, or bootleg in your jurisdiction.

Bitcoin cost slipped over a corner during weekend trade. Analysis looks during a simple draft indications and intensity decrease targets.

This research is supposing by with a 3-hour delay. Read a full research here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 14h00 UTC Sunday

Bitstamp 4-Hour Candle Chart


From a research pages of, progressing today:

The 4-hour Bistamp draft shows that a marketplace had sole cost true by $640 support, from where cost has been solemnly selling-off toward $600 and 4000 CNY.

Although 4hr MACD had signaled Sunday morning’s decrease (magenta circle), a stochastics (top panel) are organisation during their minimum, while RSI has achieved a prior reduce low (horizontal blue annotation). The stochastic and RSI indications indicate that cost might need to scold upwards once decrease to $600 has been achieved.

The benefaction decrease happens next a bearish 1-day draft (MACD disappearing next a vigilance line), as good as a bearish 3-day draft where both MACD and a stochastics declining. Hence, we might have to wait

Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824

Read previous post:
Bitcoin Price Analysis 1.8.16

This week, the price of bitcoin sold off in a series of steps from a $684 peak on July 18...