Home The Bitcoin News Bitcoin Price Continues Medium-Term Decline

Bitcoin Price Continues Medium-Term Decline

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 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

Selection_20160731_002

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


Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824

Do you like The Bitcoin News?

Sign up to our Newsletter and get the latest Bitcoin and Ethereum News!

Read previous post:
Bitcoin formed calm platform, Yours, attracts ‘overwhelming interest’ from investors

Yours is a new decentralized content network that uses bitcoin to reward creators. As the project gets closer to launch,...

Close

Do you like The Bitcoin News?

Sign up to our Newsletter and get the latest Bitcoin and Ethereum News!