16-08-2017
07:34 pm
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Tag: bitcoin signals

Bitcoin Price Technical Analysis for 08/16/2017 – Head and Shoulders Forming? No Comments

Bitcoin Price Key Highlights Bitcoin price seems to need a break from its strong climb as the price is forming a short-term reversal pattern. Price is completing a head and shoulders pattern on the 1-hour time frame and looks ready to test the neckline at $4000. A break below the $4000 level could lead to a $400 drop or the same height as the chart formation. Bitcoin price is forming...


Bitcoin Price Technical Analysis for 08/15/2017 – More Upside Targets No Comments

Bitcoin Price Key Highlights Bitcoin price is racing to new record highs once more after completing a shallow pullback from its recent rally. Price could be aiming for the next Fibonacci extension levels from here. Geopolitical risk and renewed optimism after the bitcoin hard fork has propped the currency back up. Bitcoin price seems unstoppable in its rally as it sets it sights on n...


Bitcoin Price Technical Analysis for 08/14/2017 – Breaking Past $4000! No Comments

Bitcoin Price Key Highlights Bitcoin price was previously consolidating inside a rising wedge pattern as traders were waiting for more momentum. Price just broke past the wedge resistance to test record highs close to $4200. Bitcoin might be due for a pullback to the broken wedge top before heading further north. Bitcoin price made a strong upside break outside of its consolidation p...


Bitcoin Price Technical Analysis for 08/11/2017 – Potential Reversal Signal No Comments

Bitcoin Price Key Highlights Bitcoin price appears to be slowing from its climb and might be forming a short-term reversal pattern. A complex head and shoulders could be completed on the 1-hour time frame but bitcoin is still forming its right shoulder. A break below the neckline could confirm that a larger correction is due before the uptrend resumes. Bitcoin price appears to be com...


Bitcoin Price Technical Analysis for 08/10/2017 – Short-Term Selloff Brewing? No Comments

Bitcoin Price Key Highlights Bitcoin price seems to be stalling from its climb and might form a short-term reversal pattern. A head and shoulders formation looks imminent on the 1-hour time frame if price dips back to the $3300 support. A break below this neckline could confirm the potential selloff, which might mean around $200 in losses. Bitcoin price is in the middle of forming a ...


Bitcoin Price Technical Analysis for 08/09/2017 – Can Bulls Push Higher? No Comments

Bitcoin Price Key Highlights Bitcoin price is currently stalling around $3,400, which is aligned with a Fibonacci extension level. A break above this level could lead to a rally up to the full extension at $3900. If it holds as resistance, the price could make a pullback to the area of interest at $2800-3000. Bitcoin price is testing a major resistance level and it remains to be seen...


Bitcoin Price Technical Analysis for 08/08/2017 – Bearish Divergence Spotted No Comments

Bitcoin Price Key Highlights Bitcoin price is still inside its ascending channel on the 1-hour time frame after recently breaking past the $3000 barrier to create new record highs. Price is showing signs of rally exhaustion as a bearish divergence can be seen with RSI. This signals that profit-taking might need to happen before more bulls prop price back up. Bitcoin price is testing ...


Bitcoin Price Technical Analysis for 08/07/2017 – New Record Highs! No Comments

Bitcoin Price Key Highlights Bitcoin price recently surged past the $3000 ceiling to create new highs near $3350. This bullish breakout could be due for a pullback to the broken long-term resistance. Applying the Fibonacci retracement tool on the breakout move shows the potential correction levels. Bitcoin price surged to new all-time highs and might be due for a correction before he...


Bitcoin Price Technical Analysis for 08/04/2017 – Small Reversal Formation No Comments

Bitcoin Price Key Highlights Bitcoin price appears to be forming a head and shoulders pattern on its 1-hour chart to signal that a downtrend is in order. Price has yet to complete the right shoulder and test the neckline at $2700 before confirming the potential selloff. Resistance at the $2800 level could hold as oscillators are signaling a return in bearish pressure. Bitcoin price i...


Bitcoin Price Technical Analysis for 08/03/2017 – Breaking Lower? No Comments

Bitcoin Price Key Highlights Bitcoin price is still trading around its ascending triangle on the 1-hour chart but appears to be slowly breaking below support. It's too early to conclude if this is a valid breakout because price is still pretty close to the bottom and has yet to show more downside momentum. Technical indicators are also suggesting that bullish pressure is still in play....


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