23-03-2017
05:08 am
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Tag: bitcoin price

Bitcoin Price Technical Analysis for 03/23/2017 – Major Reversal Pattern No Comments

Bitcoin Price Key Highlights Bitcoin price bounced off the area of interest at $1100 as expected and is resuming its slide. Price could move to the lows near $950 next, which happens to be the neckline of a head and shoulders pattern. A break below this support zone could set off an even longer-term drop, given the market risks facing bitcoin at the moment. Bitcoin price seems to be ...


Bitcoin Price Technical Analysis for 03/22/2017 – Reversal Candlesticks Seen! No Comments

Bitcoin Price Key Highlights Bitcoin price is still pulling back to the broken area of interest after it fell below the ascending channel support. The impulse wave looks ready to resume as a spinning top can be seen right at the broken support. Technical indicators are also confirming that the selloff is ready to resume. Bitcoin price has completed its correction to the support-turne...


Bitcoin Price Technical Analysis for 03/21/2017 – Still in Correction Mode! No Comments

Bitcoin Price Key Highlights Bitcoin price is still pulling up from its dive and closing in on correction areas that could allow the selloff to resume. Price previously broke below an ascending trend line visible on the 4-hour time frame and support at the $1100 major psychological level. Technical indicators are also lining up to show a potential increase in selling pressure. Bitcoi...


Bitcoin Price Technical Analysis for 03/20/2017 – Correction to $1100? No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below the key area of interest at $1100, signaling room to head further south. Price bounced off the $950 area and may be starting a correction to the broken support zone. Technical indicators are showing that the selloff could still resume at some point, so the recent climb may not be enough to revive the uptrend. Bitcoin pri...


Bitcoin Price Technical Analysis for 03/17/2017 – Trendline Break, Reversal Due? No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below a short-term consolidation pattern and its rising trend line visible on the 4-hour chart. This signals a potential reversal from the earlier uptrend as bears are able to push bitcoin price below the strong support zone. Technical indicators are confirming a pickup in selling pressure at the moment. Bitcoin price broke be...


Bitcoin Price Technical Analysis for 03/16/2017 – Slow and Steady Climb? No Comments

Bitcoin Price Key Highlights Bitcoin price is still in range-bound conditions, as the FOMC announcement failed to spark strong volatility. Bulls are trying to retain control, keeping bitcoin price inside an ascending channel formation visible on short-term charts. Bitcoin is currently testing the rising channel support and technical indicators are suggesting a bounce back to resistance....


Bitcoin Price Technical Analysis for 03/15/2017 – Waiting for the FOMC Breakout No Comments

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and lower highs, creating a symmetrical triangle formation on the 1-hour time frame. Traders are likely holding out from placing any large positions ahead of the top-tier FOMC interest rate statement. A breakout in either direction could set the longer-term direction for bitcoin price action. Bitcoin price is consolida...


Unocoin

A Look Inside India’s Leading Bitcoin Trading Service, Unocoin No Comments

Unocoin was founded in 2013 by a small group of Bitcoin enthusiasts. The company started as a platform to buy, sell, send and receive bitcoins in India. It later on expanded to include services like mobile phone recharge service (airtime) through bitcoins, and also developed a unique Systematic Investment Plan (SIP) to help the users to buy bitcoins by averaging out the cost; and are now the larg...


Bitcoin Price Technical Analysis for 03/14/2017 – Calm Before the Storm? No Comments

Bitcoin Price Key Highlights Bitcoin price has been moving sideways, bouncing off support at $1100 and testing resistance at $1170. Price is hovering around the resistance at the moment and a move back to support could be in the cards. Technical indicators are showing that sellers are in control but that a breakout could be possible soon. Bitcoin price is stuck in a range against the...


Bitcoin Price Technical Analysis for 03/13/2017 – Recovering from COIN Denial No Comments

Bitcoin Price Key Highlights Bitcoin price continues to trend higher even with that sharp spike down last week. The COIN bitcoin ETF approval was denied by the SEC on March 10, but this hasn't severely dampened bullish momentum. Bitcoin price is still above its ascending channel pattern visible on the 4-hour time frame and might be due for a bounce back to resistance. Bitcoin price d...


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