cryptocoinsnews.com / BY VENZEN KHAOSAN via xbt.social / 20/07/2015
Bitcoin price, over the weekend, unfolded five declining subwaves and should now advance. The prevailing pattern of price shows similarities to a pattern at the end of January (prior to consolidation) and another in mid-February (prior to advance).
Bitcoin Price Analysis
Time of analysis: 04h45 UTC
From the analysis pages of xbt.social, earlier today:
Bitcoin price has made five declining subwaves and should now advance.
Advancing in 5 waves to the purple 800MA near $286 will be a sign that a new advance has begun.
Three waves of advance that fall short of the 800MA will warn us that the current sideways structure is incomplete or that decline may resume.