Bitcoin Trading Tired Of Resistance?

Bitcoin Trading Tired Of Resistance?

Bitcoin trading sold price from the $425 price level and is now turning back up in what should be a telling price move.

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Bitcoin Trading and Price Analysis

Time of analysis: 14h30 UTC

OKCoin BTC/USD Spot 1-Hour Chart


From the analysis pages of, earlier today:

Unlike the CNY exchanges, the USD exchanges had not strained higher overnight. The CNY exchanges keep trying for a new high with BTCC, especially, having optimistic buyers that kept its price above Huobi and OKCoin for most of the day.

The 4-hour chart (not shown) had become overbought today while the 1-hour chart (above) 20-period moving average (green) lost upward trajectory – implying a wave back down to the 200MA (red).

Currently, a combination of RSI reverse divergence (magenta line) and the stochastics having grouped at their minimum

Read more ... source: TheBitcoinNews


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