Tuesday, May 30, 2017
Bitcoin Price Continues Medium-Term Decline

Bitcoin Price Continues Medium-Term Decline

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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 xbt.social 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

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

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

Although 4hr MACD signals 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 when 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 a week or



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