Bitcoin Price Tell Me You’ll Be True

Bitcoin Price Tell Me You’ll Be True

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

Bitcoin price is climbing in a choppy advance. Is this the base of a large advance, or just an upward correction in a sideways spell?

This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 14h00 UTC Friday

Bitstamp 4-Hour Candle Chart

Selection_20160826_004

From the analysis pages of xbt.social, earlier today:

No telling what is happening in the chart… a setup for advance, or decline? Or a long consolidation above $550?

The 1hr chart (not shown) continues to signal wildly and we pay it no mind. However, the 4hr chart (above) is interesting because it had previously given us a false buy signal, and is now on the verge of signaling a sell signal. Do we believe it?

Not without 1hr confirmation, and the 1hr chart is nowhere near signaling decline in any of its indicators.

Either price is climbing support along the rising grey trendline or – if price breaks below the trendline – will find support at

Read more ... source: TheBitcoinNews

News from Darknet

NO COMMENTS

Read previous post:
Coinbase Enables Bitcoin, Ethereum Buying via Mobile in Europe

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Prominent bitcoin and...

Close