Bitcoin Price Outlook Above $550 Positive

Bitcoin Price Outlook Above $550 Positive

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Bitcoin cost pushes higher, again, from plane support section nearby $560. The opinion stays that a marketplace is intent in a laterally bottom arrangement before to advance.

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Bitcoin Price Analysis

Time of analysis: 13h00 UTC Tuesday

BTCC 4-Hour Candle Chart

Selection_20160830_003

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

Good ceiling continuation, today, toward a 4hr 200MA (red).

We’re looking during a BTCC chart, given a anxiety Bitstamp draft is losing transparent call clarification as cost consolidates.

Although a 1hr draft has started drooping, during a time of writing, a 4hr draft shows that additional upside is likely:

1) The stochastics have not nonetheless grouped during their maximum
2) MACD stays above a vigilance line

What we wish to see is for cost to sojourn above a support section (pale orange) and for 4hr MACD to pull above a 0 line.

To expect a marketplace is to gamble. To be studious and conflict usually when a market



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